Regulation
South Korean crypto criminals to face life sentence
Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.
SlamX
Lens
South Korea
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Market Analysis
S.Korea’s crypto market rebounds in H1 but down 48.5% from 2021 close
South Korea’s cryptocurrency market has bounced back during the first half of this year but is still almost 50% below its value at the end of 2021, according to the Korea Financial Intelligence Unit (KOFIU), a government agency that oversees the nation’s anti-money laundering regime. See related article: Hamas crypto donation accounts frozen by Israel […]
Zoltan Vardai
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Regulation
Bank of Korea to kick off wholesale CBDC pilot
South Korea’s central bank will be launching a pilot program for its central bank digital currency (CBDC) to explore infrastructure requirements, according to an Oct. 4 joint statement by the Bank of Korea (BOK), the nation’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS). See related article: CBDCs are coming. Here’s why you […]
Zoltan Vardai
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Regulation
South Korea sentences ex-Coinone crypto exchange executives for bribery
Two former employees at Coinone were sentenced Tuesday for accepting bribes in exchange for listing certain cryptocurrencies on the platform.
Danny Park
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Regulation
South Korean entertainment firm NHN to build blockchain games on Sui despite local ban
NHN Corporation announced Friday that it has partnered with U.S.-based Mysten Labs to launch an on-chain game scheduled for 2024.
Danny Park
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Market Analysis
South Korea’s Kakao, Com2Us wind down metaverse units
South Korea’s top internet company Kakao and leading game developer Com2uS are sizing down their metaverse teams after large losses.
Danny Park
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Regulation
South Koreans hold nearly US$100 billion in crypto overseas
South Korean investors and corporations hold over 131 trillion Korean won (US$97.9 billion) worth of cryptocurrencies in overseas accounts.
Danny Park
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Regulation
Korea Blockchain Week: diverging crypto paths for the US and Asia
The annual Korea Blockchain Week conference in Seoul is running from Sept. 4 to 10. Crypto industry leaders and advocates from around the world have gathered in the South Korean capital to discuss all things blockchain, including the growing regulatory gap between the U.S. and Asia.
Danny Park
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Regulation
South Korea’s Hana bank partners with BitGo on digital asset services
KEB Hana Bank, one of South Korea’s largest financial institutions, will offer digital asset custody services from the latter half of 2024.
Danny Park
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Regulation
S.Korean prosecutors to submit XRP ruling to prove Terra-Luna as securities
South Korean prosecutors are looking to submit the recent U.S. ruling on Ripple to a Seoul court to prove Luna as financial securities.
Danny Park
