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South Africa Adds Crypto Businesses to List of Accountable Institutions
30.11.2022
Crypto exchange and custody businesses are among entities that will have to identify and keep records for new and existing clients
Prosecutors Seek Arrest Warrant for Daniel Shin & Seven Other Terraform Players
30.11.2022
South Korean prosecutors have asked a court to issue an arrest warrant for the Terraform Labs Co-founder Daniel Shin (Korean name Shin Hyun-seong) – as well as a group of “early” Terra ecosystem “investors.”...
Read More: Prosecutors Seek Arrest Warrant for Daniel Shin & Seven Other Terraform...
South Korea issues arrest warrant for Do Kwon's former colleagues
30.11.2022
Arrest warrants were sought for Terraform Labs co-founder Daniel Shin, three investors and four engineers responsible for TerraUSD (UST) and LUNA initiatives
South Korea’s unique and amazing crypto universe
29.11.2022
South Korean University to Roll out Blockchain-powered ID Cards
29.11.2022
A South Korean university says that it has become the latest institution in the country to introduce blockchain-powered mobile phone-based student IDs.
Per Segye Ilbo, Jeonnam State University stated that its ID cards will use decentralized identity technology (DID). This is the same sort of...
S Korean Financial Regulator Says it Warned Terraform Co-founders of Danger Back in 2018
28.11.2022
South Korean financial regulators say they warned the Terraform Labs co-founders Do Kwon and Daniel Shin against launching their business back in 2018 – but were ignored....
Read More: S Korean Financial Regulator Says it Warned Terraform Co-founders of Danger Back in 2018
WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal
28.11.2022
According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit was the brains behind the Digital Asset Exchange Joint Consultative Body (DAXA)’s decision to delist WEMIX. The Wemade CEO accused Upbit of applying different standards and of failing to furnish...
South Korean Man Who Bought Drugs with Bitcoin Given Jail Sentence
25.11.2022
A South Korean man was handed a host of punishments after a court found him guilty of buying narcotics online – using bitcoin (BTC).
News1 reported that the man, aged 43 but unnamed for legal reasons, was convicted by a branch of the Chuncheon District Court Criminal on charges of violating drug...
South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%
25.11.2022
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade...
FTX collapse triggers second thoughts on Busan City's crypto exchange plans
23.11.2022
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange
S Korean Regulators Draft New Crypto Laws – to Prevent More FTX and Terra ‘Incidents’
22.11.2022
Financial regulators in South Korea want to impose a raft of new crypto-related laws – in a direct response to the collapse of the FTX crypto exchange and the implosion of Terra ecosystem coins in May.
Thus far, most South Korean crypto exchanges have been left relatively unscathed by the...
South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report
22.11.2022
A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most...
The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21
21.11.2022
The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States
These Countries Were Hit The Hardest By the FTX Collapse – Find Out Why
21.11.2022
South Korea, Singapore, and Japan are the three countries most impacted by crypto exchange FTX's infamous implosion, with a combined 15.7% traffic share to FTX.com, said a report by Coingecko.
The methodology of the study, as explained by Julia Ng, who leads Growth Marketing & PR at CoinGecko...
‘High-ranking’ S Korean Civil Servant Caught Trading DOGE During Key Meeting
21.11.2022
A “high-ranking” South Korean civil servant has been caught buying Dogecoin (DOGE) on his cell phone – in the middle of an important local government meeting.
Reporters from the media outlet News1 snapped a photo of the official – a senior auditor in the affluent Gyeonggi Province. The auditor...
South Korea investigates crypto exchanges for listing native tokens
20.11.2022
Initial investigations revealed that all crypto exchanges performed lawful operations across South Korea. However, Flata Exchange is suspected of listing its in-house token, FLAT, in January 2020
South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder
20.11.2022
South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly profited from selling cryptocurrency LUNA at high prices before the token crashed. Shin...
South Korean Authorities Seize $100 Million From Terra Luna Co-Founder
19.11.2022
South Korean officials have confiscated over $100 million worth of funds belonging to Terraform Labs co-founder Shin Hyun-Seong (Daniel Shin).
According to a Thursday report by South Korean local publication YTN, a South Korean court authorized the confiscation of 140 billion won ($104 million)...
South Korea seizes $104M from Terra co-founder suspecting unfair profits
19.11.2022
The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors
1 in 5 South Koreans Still Investing in Crypto – Which Coins Are They Trading?
18.11.2022
A new survey has found that around one in five South Koreans are still investing in crypto – in spite of the collapse of the FTX exchange and the downturn in global markets.
Per News1, the survey was conducted nationwide this month by the research firm Consumer Insight. The company spoke to 2,000...