Tag: cryptocurrency
S.Korea finance regulator crypto can be subject to capital markets law
Financial Supervisory Service Governor Lee Bok-hyeon acknowledged that prosecutors helped classify TerraLuna tokens as securities, but disagreed with the idea that cryptocurrencies cannot be...
Monitoring Crypto Whales: Korean Regulators With New Legislation
South Korea’s top monetary regulator – the Financial Service Commission (FSC) – thinks cryptocurrencies and stablecoins could facilitate money-laundering activities.
As such, it will reportedly...
South Korea’s MIR4 maker Wemade launches stablecoin
Wemade issued 11 million WEMIX$ tokens on Saturday. The new stablecoin will be pegged to and backed completely by Circle’s USD Coin (USDC), according...
South Korea Aims to Boost Economy With Digital ID on Blockchain
South Korea plans to offer a digital identity secured by blockchain to citizens with a smartphone as it taps into the world’s most tech-savvy...
Bithumb Mobile Wallet Subsidiary ‘Rotonda’ Raises KRW 5 Bn Foreign Investors
Cryptocurrency exchange Bithumb announced on September 26th that its Web3 Wallet subsidiary 'Rotonda' successfully raised KRW 5 Bn through a consortium of Global strategic...
S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra’s Do Kwon
Authorities in South Korea have requested crypto exchanges OKX and KuCoin to freeze some 3,313 bitcoin (BTC), worth around $67 million, tied to Terraform...
Huobi becomes third global exchange to sign with S.Korea’s Busan city
The agreement entails Huobi providing technical and infrastructure support for building the city-backed crypto exchange and bringing more than 1,500 blockchain tech professionals into...
Arrest Warrant for Kwon Do-hyung of ‘Tera’
An arrest warrant has been issued to CEO Kwon Do-hyeong, co-founder of Terraform Labs, developer of the cryptocurrencies Terra and Luna. Since CEO Kwon...
South Korea To Establish A Separate Market For Security Tokens To Formalize Products
South Korea continues its notable journey regarding blockchain developments and legislation in an attempt to provide the crypto community with a transparent digital ecosystem....
THE 3RD ANNUAL TADS AWARDS NOW OPEN FOR NOMINATIONS WITH NEW NFT AWARD CATEGORY
TADS Awards is the world’s first annual international awards for the Tokenized Assets and Digitized Securities (“TADS”) sectors. Nominations for TADS Awards can be...
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Korea’s Crypto Market Surges Past 100 Trillion KRW, Nears 10 Million...
South Korea’s cryptocurrency market is experiencing explosive growth, with the number of investors approaching 10 million. According to a recent survey by the Financial...
