Tag: Government
STELSI, Acquired Strategic Investment from NGC Ventures’ $100 Million Metaverse Fund
SEOUL, South Korea - STELSI, a metaverse architectural project, proudly announced its successful attraction of strategic investment from the $100 million fund initiated by...
Restrictions on Deposits and Withdrawals with Unreported Virtual Asset Operators under The Specified Financial...
On August 17, 2022, the Financial Intelligence Unit (FIU) notified 16 foreign virtual asset operators who are engaged in undeclared illegal business activities against...
Antigua and Barbuda Establishes Diplomatic Relations with the Joseon Cybernation
Recently it was announced that the government of Antigua and Barbuda has established diplomatic relations with the Joseon Cybernation. This significant decision, made after...
Financial Authorities Revise Accounting Rules for Crypto Assets to Raise Transparency
Cryptocurrency information required in financial statements' commentary
Companies that either hold digital assets or have issued cryptocurrencies will be obligated to start disclosing such information...
Crypto Exchanges In South Korea Roll Out Volatility Monitoring System
A consortium of leading cryptocurrency exchanges in South Korea has introduced a system designed to notify users about price volatility and fluctuations in cryptocurrency...
South Korea Passes Inaugural Standalone Crypto Bill After Spate of Scandals
South Korea approved its first standalone digital-asset bill to boost investor protection just over a year after the implosion of tokens created by countryman...
Haru Invest Scandal: 350 Korean Users Lost $79 Million
On the 20th, the victims whose assets were linked to Haru Invest created a delegation to normalize Haru Invest and submitted a united message...
STO’s New Era… Fragmented Investment in ‘Solar and Wind Power’ through Financial Sandbox in...
Financial services that use underlying assets as green energy power generation (solar and wind power) are emerging.
It is a business model that allows not...
Hanbitco submits a report on the change in the type of virtual asset operator...
It has been confirmed that Hanbitco, a domestic coin market exchange, signed a real-name account contract with Kwangju Bank and submitted a report on...
Struggling South Korean Crypto Yield Platform Sacks Over 100 Employees
Haru Invest – a South Korean platform that offers various options to invest in cryptocurrencies – will reportedly lay off over 100 members of...
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South Korea Considers Measures For Stablecoin Cross-Border Transactions
South Korea's Ministry of Economy and Finance has announced that it is considering measures to ensure the integrity of cross-border transactions involving virtual assets...
