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Busan Courts Multiple Suitors

Demonstrating once again its dream of becoming the premier crypto haven of East Asia, the city of Busan just announced a new partnership with...

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...

South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake

The court heard that in June 2018, A received a deposit of BTC 199.999 from another individual (named by the court as “B”). B...

South Korea to scale back stock capital gains tax, delay crypto tax

South Korea plans to cut the threshold for stock capital gains tax to individuals holding publicly traded shares worth 10 billion won or more from the...

GoChapaa Application Aims for African Adoption of Crypto

On May 27, Sukuma Ventures rolled out a preliminary version of its GoChapaa mobile app, an ambitious project designed to bring functional, everyday cryptocurrency...

South Korea is betting on the metaverse

South Korea’s investment of around $177.1 million is among the first investments in the nascent industry to be made by a national government...

Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse

Korean Government’s Meeting With Cryptocurrency Exchanges The South Korean government is shifting responsibility for the crash of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST)...

South Korea plans to make licensing digital currency industry stricter

Korea Financial Day by day (KED) got an exclusive look on the FSC report titled “The Comparative Evaluation of the Digital Property Trade Act.”...

CoinDesk “Hashed, Luna’s loss estimated at 4 trillion won”

CoinDesk reports that Hashed's Luna loss is estimated to be more than $3.5 billion (4.473 trillion won). Citing on-chain data, the media speculated that...

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Binance Custody to safekeep Wemade’s WEMIX cryptocurrency

Wemade said in an updated statement: “WEMIX Foundation is in close communication with the team at Binance Institutional Services to complete the onboarding process...