9 / 12 Relevant items tagged with #SouthKorea

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South Korea passes cryptocurrency bill to tackle unfair trading

[Jun 30, 2023 4:04 AM] South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading.

Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge

[Jun 30, 2023 1:15 AM] The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times

Report: Swiss Authorities Seize $26 Million in Cryptocurrency Linked to Terraform Labs and Do Kwon

[Jun 27, 2023 8:44 AM] Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were…

South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report

[Jun 22, 2023 5:29 AM] Earlier this month, Haru Invest halted withdrawals and deposits.

Do Kwon gets 4 months in prison in Montenegro on fake passport charges

[Jun 19, 2023 8:17 AM] Terraform Labs founder sentenced to four months in jail after being found guilty of using a false Costa Rican passport.

SEC argues against Dentons' motion to dismiss Terraform and Do Kwon's lawsuit

[Jun 16, 2023 3:44 AM] Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit.

Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request: Report

[Jun 15, 2023 4:14 PM] Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail.

Do Kwon heading into extradition custody in Montenegro after receiving bail: Report

[Jun 15, 2023 12:56 PM] The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.

Haru Invest files criminal complaint against consignment operator

[Jun 14, 2023 1:35 PM] The South Korean yield platform said it has filed a criminal complaint against B&S Holdings and plans to initiate civil proceedings as well.

South Korean Bitcoin lending platform Delio pauses withdrawals

[Jun 14, 2023 11:45 AM] The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity.

Crypto yield platform Haru suspends transfers after investigation

[Jun 13, 2023 12:11 PM] The firm previously stated it had an issue with one of its service partners.

South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits

[Jun 13, 2023 1:08 AM] The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update.

OpenAI CEO highlights South Korean chips sector for AI growth, willing to invest

[Jun 10, 2023 4:29 AM] Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue.

Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says

[Jun 8, 2023 2:30 PM] Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly…

Do Kwon could serve prison in both US and South Korea, prosecutor says

[Jun 7, 2023 11:10 PM] South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well.

SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea

[Jun 7, 2023 3:43 AM] The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations.

From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

[May 29, 2023 1:30 PM] Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.

Crypto Exchange Coinone's Former Exec Acknowledges Bribery Charges in South Korea: Report

[May 26, 2023 3:09 AM] A lawyer for the accused reportedly said he admits "the facts of the prosecution," during a May 25 trial hearing.

South Korea Lawmakers Pass Law Requiring Officials to Disclose Crypto Holdings: Report

[May 25, 2023 7:52 AM] Lawmakers recently called for the Bill to take effect within two months.

South Korea passes bill to make officials disclose Bitcoin holdings

[May 25, 2023 5:48 AM] The “Kim Nam-guk Prevention Law” comes in response to a scandal involving some National Assembly members moving large amounts of crypto.

Bail revoked for Do Kwon after prosecutors in Montenegro appeal: Report

[May 24, 2023 11:21 AM] Kwon and former chief financial officer Han Chong-joon reportedly lived in Serbia before they were caught trying to leave neighboring Montenegro using false documents.

Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets

[May 24, 2023 4:00 AM] A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has…

South Korea's Ruling Party Calls to Expedite Bill on Lawmakers' Crypto Disclosures: Report

[May 23, 2023 4:42 AM] The leader of South Korea's ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to be implemented within two months.

G7 discusses crypto, supports CBDC — Law Decoded, May 15–22

[May 22, 2023 2:30 PM] The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets.

South Korea to vote on bill requiring crypto asset disclosure for lawmakers

[May 22, 2023 12:35 PM] A recent political scandal has prompted the proposal of legislation intended to ensure South Korean officials report all digital asset holdings above roughly $760.

Crypto Regulation In South Korea Under Scrutiny Following Gruesome Murder Case

[May 18, 2023 7:07 AM] Crypto regulation is gaining momentum in South Korea as lawmakers seek to impose stricter rules on digital assets in response to a shocking murder case linked to cryptocurrency.  In a tragic incident reported by Bloomberg, a Korean woman was…

Montenegro prosecutors appeal against Do Kwon’s bail terms

[May 18, 2023 2:44 AM] Case files on the prosecutors’ appeal were sent to the Supreme Court in Podgorica for a decision.

South Korean prime minister calls for disclosure of crypto holdings by high-ranking officials

[May 17, 2023 1:30 PM] Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do.

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings

[May 16, 2023 11:30 PM] South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the…

South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal

[May 15, 2023 9:14 AM] The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced.