South Korea must approve crypto ETFs or risk falling behind, says Korea Exchange chairman
South Korea should introduce cryptocurrency exchange-traded funds to stay competitive in global finance, according to the chairman of the Korea Exchange (KRX). In a recent interview in Seoul, chairman Jung Eun-bo stressed that with South Korea being the “third-largest real cryptocurrency trading country,” delaying crypto ETFs could leave it trailing behind global markets that are […]
South Korea arrests six Chinese suspects over alleged $690k Tether heist: report
Six Chinese nationals were arrested in Jeju, South Korea, for allegedly assaulting a dealer and stealing $689,000 during a stablecoin exchange. Authorities in Jeju Island, South Korea‘s largest island, have arrested six Chinese nationals for allegedly stealing 1 billion won (nearly $690,000) during Tether (USDT) transaction at a hotel on Jan. 16, Maeil Business Newspaper […]
Upbit subject to potential sanctions in South Korea
Upbit may face penalties for alleged South Korean financial regulation violations. Upbit, South Korea’s largest crypto exchange, may face sanctions from the nation’s Financial Services Commission for allegedly failing to comply with know-your-customer (KYC) and anti-money laundering rules. Last week, the platform received a procedural sanctions notice from the FSC’s Financial Information Analysis Institute, according […]
Upbit crypto exchange receives suspension notice in South Korea
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months. Source link
South Korea reports first crypto ‘pump and dump’ case under new law
South Korean authorities have indicted suspects for unfair crypto trading involving artificial price inflation and subsequent token dumping, known as a pump and dump. Source link
South Korea postpones decision on corporate crypto investments
The regulators focused on crypto investor protection and new stablecoin rules while postponing the question of corporate crypto trading. Source link
US, Japan, South Korea warn of rising North Korean crypto hacking threats
North Korea-affiliated hackers stole at least $1.34 billion worth of digital assets in 2024. Source link
US, Japan, and South Korea warn web3 firms about hiring IT workers from North Korea
In a joint statement, the U.S., Japan, and South Korea highlight the growing threat posed by North Korean cyber actors to the global crypto sector. The United States, Japan, and South Korea have warned the blockchain industry about North Korean cyberattacks that could destabilize the global financial system. In a joint public statement on Jan. […]
Corporate crypto investments in South Korea inch closer to approval
South Korean regulators reportedly continue to discuss the approval of corporate crypto trading amid the country’s ongoing leadership crisis. Source link
South Korea to allow institutional investors to trade crypto: report
South Korea considers easing restrictions on corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors. South Korea is set to allow corporations to invest in cryptocurrencies as the Financial Services Commission is considering a gradual approach to lifting restrictions, Yonhap News Agency reports, citing the regulator. Under the plan, companies will […]
