All by tag: Korea

It tightens requirements for exchanges and introduces penalties for fraud and market manipulation

It will be launched on the same day the crypto investor protection act comes into effect

The platform is among the top five largest in the world in terms of the trading volume

The initiative proposed by the Pohang city government to recover $4,87 million

The system was used to detect the crypto accounts of 5910 citizens, each of whom owed more than 3 million Korean won (~$2200) in taxes

Last year, there were 16 076 crypto transactions suspected of being involved in illegal activities

The Financial Intelligence Unit proposes to implement FATF rules to block suspicious crypto transactions during pre-trial investigations

The Financial Services Commission is expected to begin investigating OKX’s activities

One can get up to life imprisonment for market manipulation, fraud, and insider trading on a large scale

The platform intends to expand its range of offerings in the local market

If approved by lawmakers, the ban could be implemented as early as the first half of the year

In 2023, the group only attacked CeFi platforms