South Korea

In order to combat foreign exchange crime, South Korea's finance minister, Choi Sang-Mok, has announced that the country will implement reporting mandates for cross-border crypto transactions.Choi Sang-Mok, South Korea's finance…
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A court judgment has approved the extradition of Do Kwon, the disgraced co-founder of Terraform Labs, from Montenegro to South Korea. The decision denies a request for extradition from the United States.CoinDesk reported on Thursday…
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The financial authorities in South Korea are going to look into "unfair crypto deals" on a "full-scale" level.According to Daehan Kyungjae, the Financial Services Commission (FSC) declared on July 7 that it will establish a…
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Commencing July 19, South Korea will conduct a reevaluation of 600 cryptocurrencies.The financial regulators in South Korea want to reevaluate the inclusion of some 600 cryptocurrencies listed on local exchanges.The purpose of this…
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In their crackdown on the crypto-operated drug trading group, the South Korean police have detained 49 individuals.Police in South Korea have arrested 49 individuals in an effort to dismantle a drug-dealing organization that functions…
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South Korea's leading exchange, Upbit, controls 82% of the market. Introducing zero-fee initiatives in 2023 were Bithumb and Korbit.According to a survey by Kaiko Research, the biggest platforms in South Korea's crypto exchanges are…
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The tax officials in Hwaseong, South Korea, have taken cryptocurrency assets worth more than $768,500, dealing another blow to the "tax dodgers" in the country.According to tax officials, they were able to confiscate $567,000—a…
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The supreme court in Montenegro has decided to extradite Do Kwon to South Korea after March 23.A significant decision is expected to be rendered after March 23, which could result in the return of Do Kwon, the individual responsible…
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The southeast Korean province of Jeju Island is planning to implement a new economic system based on non-fungible tokens (NFTs).The island, which has its own administrative and legal standing, is reportedly looking to boost its…
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There has been an alarming increase in questionable cryptocurrency transactions processed by South Korean financial institutions.According to a new study from South Korea's financial regulators, they have seen a dramatic rise in…
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