Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
[Feb 5, 2024 6:11 AM] Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.
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South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report
[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.
Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
[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.
South Korea Mulls Issuing Crypto Mixing Regulations to Curb Money Laundering
[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…
South Korea’s Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law
[Jan 12, 2024 1:03 AM] Further review and consideration regarding crypto ETFs is planned, the regulator says.
South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums
[Jan 11, 2024 10:30 AM] South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services…
South Korea Proposes Ban on Credit Card Crypto Purchases
[Jan 9, 2024 2:00 AM] Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions. South Korea Aims to Tighten…
Solana’s Rocky Start to 2024 — SOL’s Value Dips Over 6% Amidst Previous Year’s Highs
[Jan 6, 2024 12:30 PM] During the initial week of 2024, the digital currency solana experienced a sharp decline, shedding over 6% in value. This downturn has relegated the crypto asset to the fifth position in market rank, as it oscillates beneath the $100 threshold on…
South Korean Tokenization Startup Chooses Klaytn Over Ethereum for Gold NFTs
[Jan 5, 2024 5:00 AM] The Klaytn Foundation, an organization devoted to expanding the Klaytn ecosystem, announced that Creder, one of its governance council members, will launch a tokenized gold offering called Gold Pegged Coin (GPC) in January. Creder will also launch…
South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
[Jan 4, 2024 10:54 AM] The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."
South Korea’s Crypto Surge — Navigating the ‘Kimchi Premium’ and Massive Trade Volumes
[Jan 4, 2024 10:10 AM] Recent data reveals that South Korea’s crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for…
South Korea to Make Officials' Crypto Disclosures Public
[Dec 27, 2023 4:37 AM] Public officials will also be provided an asset disclosure service starting next year to report crypto and other holdings.
South Korea's Financial Regulations Chief to Meet SEC Chairman Gensler Next Month: Report
[Dec 20, 2023 9:36 AM] The two aim to strengthen cooperation on crypto regulations before South Korea's new crypto laws go into effect next year.
Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon
[Dec 19, 2023 8:30 AM] On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in…
Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report
[Dec 15, 2023 8:47 AM] Stablecoins' widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Terra co-founder Do Kwon will stay in Montenegro until February: Report
[Dec 12, 2023 11:32 AM] The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after serving a prison sentence in Montenegro for using falsified travel documents.
South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users
[Dec 11, 2023 10:33 AM] The rules are scheduled to take affect on July 19 next year.
South Korea excludes NFTs, CBDCs from crypto interest mandate
[Dec 11, 2023 2:14 AM] Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits.
Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US
[Dec 7, 2023 4:00 PM] Terraform Labs’ co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official. According to The Wall Street…
Italy and South Korea central banks agree on CBDC cooperation
[Dec 5, 2023 7:43 AM] The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs.
South Korean financial authorities solicit reports on unlicensed crypto exchanges
[Dec 4, 2023 2:38 AM] Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country.
Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea
[Nov 24, 2023 8:30 AM] In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from…
South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
[Nov 23, 2023 4:18 AM] The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
South Korea to invite 100K citizens to test CBDC in 2024
[Nov 23, 2023 3:06 AM] Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
[Nov 20, 2023 3:00 PM] Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.
South Korea’s Crypto Premiums Roar Back, Bitcoin Trades Nearly $1,300 Above Global Average
[Nov 18, 2023 5:00 PM] Recent data reveals the crypto economy has experienced notable growth over the past month, with a substantial portion of its trading activity originating from South Korea. As an illustration, on Saturday, November 18, 2023, the Korean won accounted…
South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment
[Nov 17, 2023 3:00 AM] Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20…
South Korea’s pension fund bags 280K Coinbase shares: SEC data
[Nov 16, 2023 3:01 AM] South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 of 2023.
South Korea's Pension Fund Bought $20M Coinbase Shares in Q3, Made 40% Profit: Report
[Nov 15, 2023 11:30 PM] The fund snapped up COIN at an average price of $70.5 in the third quarter, achieving a 40% profit from investment.