[Apr 9, 2024 12:10 AM] On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a…
[Apr 8, 2024 12:35 PM] South Korea’s Democratic Party of Korea (DPK) is eager to relax regulations on exchange-traded funds (ETFs), including those tied to spot bitcoin, despite resistance from the People Power Party (PPP). Although election concerns have…
[Apr 7, 2024 8:14 AM] Metrics reveal that cryptocurrency premiums in South Korea consistently outpace the global average. As of now, bitcoin exchanges hands at $69,245 per piece globally, while on the South Korean platform Upbit, it’s being traded at $73,513…
[Apr 5, 2024 10:22 AM] In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a…
[Apr 2, 2024 3:29 PM] Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global…
[Apr 1, 2024 5:38 AM] Upbit's 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko data show.
[Mar 24, 2024 11:30 AM] Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the…
[Mar 13, 2024 1:30 AM] The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had…
[Mar 11, 2024 3:08 AM] The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
[Mar 8, 2024 7:28 AM] Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral…
[Mar 7, 2024 12:30 PM] In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his…
[Mar 7, 2024 9:30 AM] The latest data reveals that the premium on bitcoin in South Korea has escalated to its highest level in more than two years. At 7:30 a.m. Eastern Time (ET) on Thursday, the weighted global average price for bitcoin hovers between $66,800 and…
[Mar 5, 2024 12:30 PM] In a pivotal legal reversal, Montenegro’s Court of Appeals has annulled the extradition of Terraform Labs co-founder Do Kwon to the United States, siding with his defense’s appeal and invalidating a prior High Court ruling from Feb. 20…
[Feb 29, 2024 5:30 PM] South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain…
[Feb 28, 2024 11:30 AM] On Wednesday, bitcoin’s value ascended past the $60K threshold, peaking at a 24-hour high of $61,389 by 10:45 a.m. (ET). Concurrently, South Korea observed a pronounced premium over the international exchange rate, with local platforms such…
[Feb 22, 2024 4:59 AM] South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency.
[Feb 21, 2024 9:00 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
[Feb 21, 2024 1:00 AM] The People Power Party, a major political party in South Korea, has proposed to defer cryptocurrency taxation for up to two years as part of a general election pledge. The Korean government has already postponed establishing cryptocurrency taxation…
[Feb 20, 2024 7:37 AM] South Korea’s ruling political party and its opposition party are making poll promises related to crypto ahead of the national elections later this year scheduled for April 10.
[Feb 8, 2024 6:30 AM] The leadership of Haru Invest finds itself behind bars, facing allegations of defrauding 16,000 customers by embezzling hundreds of millions of dollars under the guise of offering safe, high-yield crypto investments. Haru Invest Executives Arrested…
[Feb 5, 2024 4:14 AM] In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting with the U.S. SEC Chairman Gary Gensler for the first time to discuss crypto regulation.
[Jan 31, 2024 5:22 AM] The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.
[Jan 17, 2024 12:30 AM] Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow…
[Jan 15, 2024 10:30 AM] In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024…
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