Search Results for "south korea"
South Korea Arrests Key Figure in CATFI Memecoin Rug Pull
South Korea's first arrest tied to a memecoin rug pull highlights regulatory action as CATFI crashes 99%, leaving investors stranded.
Samsung Buys $408M Stake in Upbit Operator Dunamu
Samsung Securities, SDS, and Card acquire a 4% stake in Upbit operator Dunamu for $408M, signaling deeper involvement in South Korea's crypto sector.
OKX Ventures, KIS Invest $106M for 19.6% Stake in Coinone
OKX Ventures and Korea Investment & Securities invest $106M in Coinone, marking a key move into South Korea's regulated crypto market.
South Korea Investigates Polymarket Users for Illegal Gambling
South Korean police probe Polymarket users for alleged illegal gambling, marking the first enforcement action against decentralized prediction markets in the country.
Bithumb Raided by South Korea Police in Influence Probe
South Korea police raided Bithumb amid allegations lawmaker Kim Byung-gi used his position to secure his son's job. Regulatory scrutiny intensifies.
South Korean Watchdog Uncovers 14 Fake Bank Accounts Used by Crypto Exchanges
The South Korea financial regulator has uncovered 14 fake accounts used by crypto exchanges.
S Korea's SK Telecom Acquires 35% Stake on Local Crypto Exchange Korbit
SK Square, an investment company owned by South Korean wireless telecommunications company SK Telecom Co Ltd, has invested 90 billion won (about $75.4 million) in the crypto exchange platform Korbit.
South Korea's Top Remittance Payment Company Global Money Express Joins RippleNet to Expand Payments into Thailand
Ripple has established a connection with Global Money Express, Korea’s top non-bank remittance payment company to link with Thailand’s Siam Business Bank.
Former South Korean Deputy Minister Yong-beom Kim Joins Blockchain Research Institute
Yong-beom Kim, former first deputy minister of the Ministry of Planning and Finance of South Korea, will join Hashed Open Research, a blockchain and digital technology research institute, as CEO.
South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader
A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.
Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law
Chinese officials to consider a cross-border stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies China, Japan, and South Korea. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.
South Koreans transacted $4.3 billion through illegal crypto exchanges
In 2022, South Koreans transacted $4.3 billion through illegal crypto exchanges, comprising almost 70% of all illicit money traffic captured by officers. The transactions aimed to purchase foreign virtual assets to sell in the country later due to the South Korean regulatory regime isolating the local market.
