South Korea

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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According to the platform, it is collaborating with local law enforcement to apprehend the hacker and intends to notify Interpol.The South Korean social karaoke platform Somesing, which uses the blockchain technology, said on Saturday…
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In light of the recent uptick in the practice of hiding illegal cash, South Korean authorities have taken a proactive approach similar to that of the US.In light of the growing practice of hiding covertly acquired cash, South Korean…
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Crypto users may soon be unable to trade on overseas exchanges, according to South Korea's top financial watchdog.The leading financial regulator in South Korea, the Financial Services Commission, has today suggested a change to the…
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The government of South Korea is aiming to increase openness in public-sector funding by requiring powerful politicians and bureaucrats to reveal their holdings in virtual currencies.An historic move toward openness and responsibility…
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Upbit has a dominant 80 percent share of the South Korean cryptocurrency market and has shown endurance by bouncing back after a temporary slump in August.In South Korea, Upbit continues to dominate the cryptocurrency trading sector.…
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