16 Foreign Virtual Asset Exchanges to be Blocked in Korea by the Financial Intelligence...
It was found that a large number of foreign virtual asset business operators were doing business for Koreans without properly reporting to the financial...
South Korea Investigates Banks for $6.5B in Transfers Related to Kimchi Premium
$6.5 Billion in Overseas Transactions
On Monday, August 15th, Asia Times reported that the country’s Financial Supervisory Service has authorised a probe into South Korean...
FIU to Investigate Unregistered Foreign Exchanges in Korea
The Financial Intelligence Unit (FIU) under the Financial Services Commission is monitoring and cracking down on unregistered foreign virtual asset (cryptocurrency) exchanges in Korea.
According...
South Korea’s Klaytn Announces Its Partnership with DeFi Protocol 1inch
Klaytn, one of the most-popular metaverse blockchain platforms from South Korea, recently announced its partnership with decentralized finance (DeFi) protocol 1inch. With this partnership,...
People Flock to South Korean Crypto Event Despite Market Turmoil
Korea Blockchain Week opened this weekend with more than 7,000 people registered to attend and over 120 speakers on the lineup. According to the...
[AUGUST] Where People are the Product, Buyer Beware
The spectacular beating suffered by the cryptosphere recently has left many investors gun-shy, but at least one industry titan is still making big moves....
‘For The Dog’, A Project Receiving Love Calls from Overseas Venture Capitalists
Recently, Silicon Valley-based TheVault signed a partnership with 'For The Dog Team', a pet-related metaverse company led by a Korean team.
Regarding the background of...
FTX Reportedly in Talks to Buy South Korean Exchange Bithumb
Sam Bankman-Fried’s FTX is looking to buy South Korean crypto exchange Bithumb, according to Bloomberg.
Acquisition talks have been ongoing for several months, a person...
Authorities raid South Korean crypto exchanges in Terraform Labs probe
In the most recent development, a team of investigators from the Seoul Southern District Prosecutors Office raided several local cryptocurrency exchanges, including Upbit, on...
[JULY] Winning When the Enemy is Us
Bitcoin has lost about a third of its value since June 1, and just about every major cryptoasset has sustained equally vicious beatings during...
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Interest Rate Hike on Deposits at Korean Virtual Asset Exchanges Spurs...
Recently, the number of users depositing Korean won (KRW) on virtual asset exchanges in South Korea to earn interest has been steadily rising. As...
