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.
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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.
South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers
[May 15, 2023 7:20 AM] Lawmaker Kim Nam-kuk resigned from the opposition party after his crypto transfers incited controversy.
South Korean Politician Quits Party Over Crypto Scandal
[May 15, 2023 2:30 AM] A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves…
Samsung to research South Korea’s CBDC for offline payments
[May 15, 2023 2:25 AM] The collaboration will have both parties researching the offline capabilities of the CBDC issued by South Korea’s central bank.
South Korea’s LG Electronics Files For NFT-Trading TV Patent
[May 13, 2023 7:35 AM] A recent report published on WIPO’s global database for intellectual property disclosed LG Electronics’ application to acquire an NFT trading patent for its Smart TV. Notably, the WIPO guide states that a filing application can only be…
LG Electronics files patent for NFT-trading TV
[May 12, 2023 2:30 PM] The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application.
Do Kwon's lawyers propose $436K bail as authorities prepare for June trial
[May 11, 2023 8:58 AM] Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”
South Korean Authorities Investigate Lawmaker Over Alleged Crypto Transfers
[May 9, 2023 3:00 PM] There’s a rumor of a conflict of interest around the South Korean opposition lawmaker Kim Nam-Kuk over crypto transactions. The growing domestic outrage alleged that Kim liquidated over $4 million worth of crypto assets before the lawmakers…
South Korean lawmaker allegedly cashed out while legislating on crypto: Report
[May 8, 2023 1:00 PM] National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred.
South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report
[May 8, 2023 3:15 AM] Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits.
Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report
[May 5, 2023 11:15 AM] The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities.
South Korea’s sweeping crypto bill passes first regulatory hurdles
[Apr 26, 2023 12:20 PM] Legislators in South Korea passed a first-phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations.
Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South Korea
[Apr 25, 2023 12:00 PM] Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin…
Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg
[Apr 25, 2023 5:33 AM] Shin was indicted with nine others as prosecutors froze $185 million in assets.
Terraform Labs co-founder and nine others indicted in South Korea
[Apr 25, 2023 3:35 AM] The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra.
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
[Apr 24, 2023 11:30 AM] Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a…
LUNA token is not a security, rules S.Korean court in Terra co-founder case
[Apr 24, 2023 5:29 AM] The court in its ruling noted that It is difficult to see Luna coin as a financial investment product regulated by the Capital Markets Act.
Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report
[Apr 17, 2023 2:31 AM] South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall.
Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
[Apr 16, 2023 5:30 AM] Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that…