Regulation
South Korea crypto lender Delio says operations in peril amid prosecutor raids, lawsuit
Delio halted interest payments for all users on Monday, after announcing difficulties in providing services as usual.
Danny Park
Lens
South Korea
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NFTs and Gaming
Why Asia will emerge as the global hub for Web3 gaming: Opinion
Already home to most of the world’s gamers, Asia has a rich pedigree in seeding and embracing new technologies, writes Robbie Ferguson of Immutable.
Robbie Ferguson
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Regulation
Seoul prosecutors chasing Do Kwon establish crypto investigations team
The Seoul Southern District Prosecutors’ Office announced that it will launch the Virtual Asset Joint Investigation Unit at the end of this month.
Danny Park
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Regulation
South Korea mandates new accounting rules for domestic crypto sector
South Korea’s FSC is requiring companies that issue or own cryptocurrencies to provide detailed crypto disclosures from 2024.
Danny Park
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Bitcoin News
How did Do Kwon move US$18 mln in stablecoins to ‘unfreezable’ tokens while in Montenegro jail?
A South Korean academic tracking on-chain data says Do Kwon, the imprisoned founder of the now collapsed Terra-Luna crypto project, seems to have outside help in moving stablecoins from his digital wallets into other cryptocurrencies.
Danny Park
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Regulation
South Korea approves crypto bill to protect investors, goes into effect in one year
South Korea approved a bill to protect cryptocurrency investors as part of building the country’s first legal framework devoted to digital assets.
Danny Park
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Metaverse Platforms
Charting the digital continent — East Asia’s real-world race to build the metaverse
South Korea, China, Japan — East Asia’s three industrial powerhouses are taking their economic rivalry to the virtual world. Each is developing a domestic metaverse in a race to become the region’s industry leader. This first account in a three-part series takes a look at what’s happening in South Korea.
Danny Park
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Regulation
South Korea: Former Coinone executive pleads guilty to bribery
A former executive at Coinone pleaded guilty on Thursday to accepting bribes in exchange for listing certain cryptocurrencies on the platform.
Danny Park
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Regulation
South Korea will require all public officials to disclose crypto holdings from 2024
South Korean lawmakers unanimously approved a new bill requiring public officials to disclose their crypto holdings to be implemented in December.
Danny Park
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Market Analysis
Only 4% of South Koreans use metaverses, survey reveals
Only 4.2% of South Korean citizens have said that they regularly use metaverse services, a recent survey results show.
Danny Park
