Report on Kwon’s Escape to Dubai in Sept is True: Korean Prosecutors
Prosecutors in Seoul have said that a report about crypto fugitive Do Kwon's departure from Singapore to Dubai in September is true. They added that his travel to Dubai is…
World Vision Accepts Donations in Crypto in South Korea
World Vision has become the first NGO to accept virtual assets in South Korea as it announced that donation in cryptocurrencies has been enabled. Per the official website of the NGO,…
LG Electronics to Roll Out Crypto Wallet
As a part of plans to expand its business scope to include platforms and software, South Korean tech giant LG Electronics is launching a crypto wallet application dubbed “Wallypto.” Hence,…
FTX and Busan Reaches Deal to Accelerate Blockchain Businesses
The South Korean city of Busan and FTX cryptocurrency exchange has signed a business deal to support the establishment of Busan Digital Asset Exchange. According to the agreement statement, FTX will…
16 Crypto Platforms Including KuCoin Serving Illegally in South Korea: Regulator
The Korea Financial Intelligence Unit (KoFIU), a top financial regulator in South Korea, on Thursday urged its local consumers using overseas cryptocurrency exchanges to verify whether such platforms have been…
South Korea Arrests 3 Suspects in $3.4 Billion worth Crypto-related Probe
South Korean prosecutors on Thursday arrested three people in a probe of $3.4 billion worth of foreign-exchange transactions for possible connections to illegal crypto-related crimes. Per the local media outlet,…
South Korean VC Firm Hashed Lost Up to $3.6B to LUNA Crash: CEO
With many crypto companies notably finding it difficult to share the extent to which the collapse of TerraUSD (UST) and LUNA coins affected their businesses, Simon Seojoon Kim, the Chief…
Do Kwon’s Fate Remains Uncertain, Prosecutors Completed ‘Search and Seizure’ Raid
Do Kwon is still under the lens of South Korean regulators as investigations into Terraform Labs and the collapse of the firm’s first tokens, LUNA and UST. Local media platform…
South Korea's Crypto Tax Delayed Until Jan 2025
Crypto tax on digital assets in South Korea will be delayed by another two years, according to an announcement from the Ministry of Economy and Finance tax policy chief Ko…
S. Korean Exchanges to be Held Accountable for LUNA Crash
The collapse of the Terra ecosystem including the protocol’s two flagship digital currencies, LUNA and UST may have more aftermaths than earlier imagined. According to the latest reports from local…