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Korea Customs Service Announces Systematic Response Plan to Combat Trade and Foreign Exchange Crimes...

The Korea Customs Service (KCS) has established a dedicated response team and developed a systematic crackdown plan to strengthen its response to trade and...

The controversy over transparency at cryptocurrency exchanges poses a threat to investor protection and...

The recent disclosure of virtual asset holdings reports by major domestic cryptocurrency exchanges has sparked transparency controversies. Exchanges like Upbit, Bithumb, and Coinone are...

Busan Digital Asset Exchange Launch Imminent, Related Stocks Surge

The city of Busan has finalized the BusanBDX Consortium as the operating company for the Busan Digital Asset Exchange, a platform that will tokenize...

FIU Announces 2024 Action Plan to Expel Ineligible Cryptocurrency Exchanges

Starting this year, the inspection and reporting system for domestic cryptocurrency exchanges will be strengthened, and ineligible cryptocurrency exchanges will be expelled from the...

Recovery of Investor Sentiment Amid Surge in New Accounts in South Korea’s Cryptocurrency Market

In South Korea, the number of bank-verified accounts across the four major cryptocurrency exchanges (Upbit, Bithumb, Coinone, and Korbit) has surpassed 6 million. Despite...

Dunamu’s AI-Based FDS Prevents Over KRW 120 Billion in Cryptocurrency Crimes

Dunamu, a blockchain and fintech specialist company, announced that its Artificial Intelligence (AI)-based real-time Fraud Detection System (FDS) has successfully prevented over KRW 120...

A key figure in the Terra Luna incident has been repatriated to Korea. When...

Han Chang-joon, the former Chief Financial Officer of Terraform Labs, implicated in the crash of the cryptocurrencies Terra and Luna, has been extradited from...

Government reconsiders crypto income taxation following abolition of gold investment tax

The Korean government's declaration to abolish the financial investment income tax (FIIT) has brought the topic of cryptocurrency income taxation to the forefront of...

Financial Supervisory Service Urges Industry Self-Regulation Ahead of Cryptocurrency User Protection Law Enforcement

Lee Bokhyun, the head of the Financial Supervisory Service (FSS), has called on the chief executive officers (CEOs) of the cryptocurrency industry to make...

Nexon’s Holding Company NXC to Divest Entire Stake in Cryptocurrency Exchange Korbit

Nexon's holding company, NXC, is set to step down as the largest shareholder of Korbit, South Korea's first Bitcoin exchange, by selling its entire...

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