South Korea Fines Coinone $3.5M, Suspends New User Services for 3 Months Over…
In recent developments, south Korea’s Financial Intelligence Unit fined crypto exchange Coinone 5.2 billion won and ordered a three-month partial business suspension after inspectors found systemic failures in customer identity…
South Korea says API crypto trading now makes up 30% of market: Report
In recent developments, south Korea’s FSS said API trading now makes up 30% of crypto turnover and warned it will crack down on abusive automated trading patterns, local media reported…
Bank of Korea floats crypto ‘circuit breakers’ after Bithumb blunder
In recent developments, bithumb accidentally sent customers 620,000 Bitcoin instead of 620,000 Korean won in February. The Bank of Korea wants lawmakers to make it so it doesn’t happen again.…
South Korea draft bill puts stablecoins, RWAs under finance laws: Report
In recent developments, the draft proposal from South Korea’s ruling party reportedly bars stablecoin interest and calls for technical standards to ensure interoperability across blockchain networks. Looking closer, market participants…
South Korean brokerage Korea Investment & Securities eyes Coinone stake: Report
In recent developments, the reported acquisition talks come as South Korea is considering a 20% cap on major crypto exchange shareholders, which would force major platforms to restructure ownership. Looking…
South Korea’s Tax Agency Eyes Private Custodians for Seized Crypto Followin…
In recent developments, south Korea’s National Tax Service (NTS) is moving to hand off seized virtual assets to private custody providers after a recent security lapse exposed the risks of…
South Korea tax agency seeks private crypto custodian after security lapses
In recent developments, south Korea’s tax agency is seeking a private custodian for seized crypto after a wallet seed phrase leak exposed government-held assets. Looking closer, market participants highlight key…
Report: Bill Seeks to Abolish South Korea’s 22% Digital Asset Tax
In recent developments, south Korean lawmakers are once again tearing up the script on crypto taxation, this time with a proposal to scrap the levy altogether before it ever sees…
South Korea loses $48 million in seized Bitcoin to phishing scam: Report
In recent developments, prosecutors in South Korea reportedly discovered the Bitcoin was missing during a routine inspection of seized financial assets. Looking closer, market participants highlight key drivers such as…
South Korea’s Benchmark Index Hits Historic Milestone Despite Global Market…
In recent developments, south Korea’s Kospi index crossed the 5,000 mark for the first time on Jan. 22, defying global market turbulence caused by U.S. President Donald Trump’s Greenland takeover…
Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief
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