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...
Binance Considers Selling GoPax Shares as a Solution to VASP Approval Hurdles; Industry Skeptical
The global cryptocurrency trading platform Binance, the major shareholder of the South Korean cryptocurrency exchange GoPax, is examining the option of selling its GoPax...
Sam Altman’s Worldcoin Launches its First Pop-up Store in Seoul’s Yeouido
The blockchain and artificial intelligence (AI) startup ChainPartners is hosting the first domestic pop-up store for Worldcoin, created by Sam Altman, the founder of...
SOMESING (SSX) Coin Hacking Incident, Investors Cautioned
Recently, the SOMESING (SOMESING) platform, based on blockchain technology, experienced a significant hacking incident involving its SOMESING Token (SSX). This event led to the...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
