[Sep 19 11:44 AM] Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain.
[Sep 19 3:30 AM] East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in…
[Sep 5 3:30 AM] South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure…
[Sep 4 6:30 AM] South Korean police are investigating Telegram for allegedly facilitating deepfake sex crimes. They plan to work with French investigators following the detention of Telegram founder Pavel Durov in France for similar investigations. “Telegram…
[Sep 3 2:30 PM] Yonsei University in South Korea has joined Ripple’s University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research…
[Sep 3 10:46 AM] South Korea has joined the growing list of global jurisdictions, launching a probe against Telegram over illicit content dissemination.
[Sep 1 1:30 AM] Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk…
[Aug 31 9:55 PM] Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52%…
[Aug 30 2:30 AM] The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was…
[Aug 28 11:04 AM] The courtroom stabbing comes weeks after a Chinese gang robbed over $2 million worth of crypto at gunpoint in a luxury estate in Thailand.
[Aug 21 7:10 AM] Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the…
[Aug 16 9:28 AM] South Korea's National Pension Service (NPS) has purchased $34 million worth of shares in MicroStrategy, the business intelligence firm that has accumulated billions in Bitcoin.JUST IN: South Korean pension fund reports buying $34 million in…
[Aug 16 7:35 AM] South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to filings made public earlier this week.
[Aug 8 4:22 PM] The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States.
[Aug 7 9:18 PM] On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per…
[Aug 4 5:34 PM] The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week. Bitcoin…
[Jul 23 1:30 AM] Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary…
[Jul 21 4:00 PM] South Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability. Initially revised in 2021 to mandate virtual asset service providers (VASPs) to register and…
[Jul 16 11:30 PM] The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing…
[Jul 15 2:37 AM] If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule.
[Jul 7 7:36 PM] South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the…
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South Korean pension fund reports buying $34 million in… 
