The platform is among the top five largest in the world in terms of the trading volume
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Market
Apr 25, 2024
Korean exchange Upbit share in the local market has exceeded 80%The platform is among the top five largest in the world in terms of the trading volume
Crypto regulations
Apr 8, 2024
Korea will start confiscating cryptocurrencies from Bithumb and Upbit exchanges to pay taxesThe initiative proposed by the Pohang city government to recover $4,87 million
Technologies
Feb 22, 2024
South Korea recovered $4,6 million in undeclared taxes thanks to a digital crypto tracking systemThe system was used to detect the crypto accounts of 5910 citizens, each of whom owed more than 3 million Korean won (~$2200) in taxes
Incidents
Feb 14, 2024
South Korea’s number of suspicious crypto transactions increased by 49% in 2023Last year, there were 16 076 crypto transactions suspected of being involved in illegal activities
Crypto regulations
Feb 12, 2024
South Korean authorities will tighten regulation of crypto exchangesThe Financial Intelligence Unit proposes to implement FATF rules to block suspicious crypto transactions during pre-trial investigations
Incidents
Feb 7, 2024
Korea’s leading exchanges accuse OKX of operating without registrationThe Financial Services Commission is expected to begin investigating OKX’s activities
Crypto regulations
Feb 7, 2024
Korean authorities have toughened penalties for violating the law protecting crypto usersOne can get up to life imprisonment for market manipulation, fraud, and insider trading on a large scale
Market
Jan 9, 2024
Korean exchange Upbit has been licensed as a major payment institution in SingaporeThe platform intends to expand its range of offerings in the local market
Crypto regulations
Jan 4, 2024
Korea’s regulator proposes banning credit card purchases of cryptocurrenciesIf approved by lawmakers, the ban could be implemented as early as the first half of the year
Incidents
Dec 15, 2023
Immunefi notes Lazarus hackers’ increased interest in centralized projectsIn 2023, the group only attacked CeFi platforms
Incidents
Apr 28, 2022
South Korean man arrested for NFT fraudA man is accused of defrauding investors of more than $165 000
Business
Apr 21, 2022
Samsung invested in the TwinWorld metaverse developerIn total, the project raised $25 million in funding