South Korea recovered $4,6 million in undeclared taxes thanks to a digital crypto tracking system

Feb 22, 2024

South Korea recovered $4,6 million in undeclared taxes thanks to a digital crypto tracking system

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

South Korea’s number of suspicious crypto transactions increased by 49% in 2023

Feb 14, 2024

South Korea’s number of suspicious crypto transactions increased by 49% in 2023

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

South Korean authorities will tighten regulation of crypto exchanges

Feb 12, 2024

South Korean authorities will tighten regulation of crypto exchanges

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

Korea’s leading exchanges accuse OKX of operating without registration

Feb 7, 2024

Korea’s leading exchanges accuse OKX of operating without registration

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

Korean authorities have toughened penalties for violating the law protecting crypto users

Feb 7, 2024

Korean authorities have toughened penalties for violating the law protecting crypto users

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

Korean exchange Upbit has been licensed as a major payment institution in Singapore

Jan 9, 2024

Korean exchange Upbit has been licensed as a major payment institution in Singapore

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

Korea’s regulator proposes banning credit card purchases of cryptocurrencies

Jan 4, 2024

Korea’s regulator proposes banning credit card purchases of cryptocurrencies

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

Immunefi notes Lazarus hackers’ increased interest in centralized projects

Dec 15, 2023

Immunefi notes Lazarus hackers’ increased interest in centralized projects

In 2023, the group only attacked CeFi platforms

South Korean man arrested for NFT fraud

Apr 28, 2022

South Korean man arrested for NFT fraud

A man is accused of defrauding investors of more than $165 000

​Samsung invested in the TwinWorld metaverse developer

Apr 21, 2022

​Samsung invested in the TwinWorld metaverse developer

In total, the project raised $25 million in funding

​Hyundai to issue a limited edition NFT collection

Apr 18, 2022

​Hyundai to issue a limited edition NFT collection

The automaker has entered into a partnership agreement with the Meta Kongz project to launch 30 NFT tokens

​Former Ethereum developer received five years in prison for collaborating with the DPRK

Apr 13, 2022

​Former Ethereum developer received five years in prison for collaborating with the DPRK

Virgil Griffith was also fined $100 000 after pleading guilty to conspiracy to help North Korea evade sanctions