South Korea Urges Regulator to Reconsider Stance on Spot Bitcoin ETFs
The South Korean Office of the President is urging the financial regulator to reconsider its stance on approving a local Bitcoin exchange-traded fund (ETF).
South Korea’s Regulator: Bitcoin ETFs Could Violate Local Law
According to a statement released by the Financial Services Commission (FSC) of South Korea, there may be a violation of Korean law by US Bitcoin ETFs that have recently been listed.
Hashed Invests $28.44M in Blockchain
Hashed, South Korea’s foremost crypto venture, has boldly faced the challenges of the crypto winter, committing a substantial $28.44 million (36.8 billion won) to blockchain projects this year.
South Korea Arrests Creators of $82.5M Cryptocurrency Pyramid
The South Korean police have arrested 22 people for their involvement in a cryptocurrency investment fraud in the city of Changwon.
South Korea Wants to Pass Bill to Freeze Crypto Used by North Korea
South Korean President Yoon Suk Yeol has issued instructions to have a bill drafted that will contain practical measures to bolster South Korea’s national security by tracking and freezing cryptocurrencies and other virtual assets used by North Korea.
Former Coinone Employee Pleads Guilty to Bribery Charges
Jung, formerly employed by South Korean crypto exchange Coinone, pled guilty to taking a bribe, according to lawyers from Yonhap. In 2020, broker Hwang Mo allegedly gave Jung 2 billion won ($1.51 million) to list certain digital assets on the platform. When authorities detained other Coinone workers in April 2023, the ‘Furier Coin’ cryptocurrency, which was traded only on Coinone, […]
South Korea’s Prosecutor Files Charges Against Terra Co-founder Daniel Shin
South Korean prosecutors indicted on April 25 Terraform Labs co-founder Shin Hyun-seung on allegations of fraudulent transactions related to the company’s cryptocurrency project.
