News about SOUTH KOREA

News about South Korea

South Korea's opposition party is now pledging to let domestic investors buy Bitcoin ETFs. Both parties now support lifting the ban ????????

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South Korea’s opposition party vows to endorse spot bitcoin ETFs: report - The Block

South Korea’s opposition party vows to endorse spot bitcoin ETFs: report& & The Block

Spot Bitcoin ETFs Coming To South Korea? Ruling Party Eyes Crypto Investor’s Vote

In a year full of important elections around the globe, many candidates have approached their 2024 electoral campaigns with Bitcoin and crypto investors in mind. A local report suggests that the South Korean ruling party is aiming to gain the crypto...

South Korea's ruling party considers allowing spot bitcoin ETFs in election pledges: report - The Block

South Korea’s ruling party considers allowing spot bitcoin ETFs in election pledges: report& & The Block

Bithumb's Struggles Highlight Crypto Banking Integration in South Korea

Bithumb Korea, the operator of South Korea’s second-largest cryptocurrency exchange Bithumb, faces a setback as it fails to secure a deal with major local lender KB Kookmin Bank for the issuance of real-name accounts, potentially hindering its effort...

South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions

Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work pla...

Crypto Regulatory Landscape: South Korea FIU Reveals 2024 Plan For Exchanges

South Korea’s regulator, the Financial Intelligence Unit (FIU), is on the path of increasing their oversight of crypto exchanges within the country as the agency has revealed its plans for exchanges this year. South Korea’s FIU Unveils Wo...

Do Kwon’s Ex-Terra Financial Chief Pressed With Charges In South Korea

The former Chief Financial Officer of Do Kwon’s Terraform Labs Korea, Han Chang-joon, 37, has been officially detained following the issuance of an arrest warrant by the Seoul Southern District Court, as local news agency Newsis reports. The co...

South Korea Probes OKX for Unregistered Operations

South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association. (Read More)

Regulatory Storm Brewing: OKX Faces Probe In South Korea Over Alleged Crypto Violations

OKX, a major player in the global crypto trading market, is currently facing scrutiny in South Korea. The Digital Asset Exchange Alliance (DAXA), which includes South Korea’s leading 5 crypto exchanges – Upbit, Bithumb, Korbit, Coinone, a...

South Korea’s Crackdown On Crypto Crime: Life Sentence For Offenders

South Korea is set to implement robust measures to safeguard digital asset users and establish “order” in the nascent crypto market. The country’s Financial Services Commission (FSC) has announced the upcoming enforcement of the “Virtual...

FSC Implements New Legislation for Crypto Market in South Korea

The South Korean government has taken decisive action to safeguard the interests of cryptocurrency investors with the enactment of the Virtual Asset Users Protection Act, announced by the Financial Services Commission (FSC) today (Wednesday).Financia...

South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler

South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve s...

South Korean Crypto Exchange CEO Gets 7 Years For $8 Million Fraud

In a blow to the South Korean cryptocurrency industry, the CEO of major exchange Bitsonic, Jinwook Shin, has been sentenced to seven years in prison for operating a sophisticated fraudulent scheme totaling 10 billion won, approximately $7.6 million....

Ex-Terraform Labs CFO Extradited to South Korea in Crypto Fraud Case

Han Chang-joon, former Terraform Labs CFO, has been extradited to South Korea for charges of financial fraud in the crypto industry, marking a significant international effort to combat digital asset fraud. (Read More)

Change of Heart: South Korea to Discuss Spot Bitcoin ETFs With US SEC (Report) - CryptoPotato

Change of Heart: South Korea to Discuss Spot Bitcoin ETFs With US SEC (Report)& & CryptoPotato

Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police

Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country’s Justice M...

Bitcoin Spot ETF: South Korean Regulator Turns To US SEC Chairman For Guidance

South Korea’s regulator, the Financial Supervisory Service (FSS), has revealed its intent to seek guidance on Bitcoin Spot Exchange-Traded Funds (ETFs) from the United States Securities and Exchange Commission (SEC). FSS Governor To Meet With G...

South Korea Nets Key Figure In Terraform Collapse: Do Kwon’s Former CFO Extradited

In a major development for the ongoing investigation into the spectacular crash of Terraform Labs and its algorithmic stablecoin TerraUSD, Han Chang-joon, the company’s former chief financial officer, has been extradited to South Korea. This fo...

Terraform Labs’ Former CFO Extradited to South Korea to Face Criminal Charges

After months of deliberation, Montenegrin authorities have extradited Han Chang-joon, Terraform Lab's Former Chief Financial Officer, to South Korea, according to a notice by the Government of Montenegro. This move occurred as the US and South Korea...

Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro

submitted by /u/Kindly-Wolf6919 [link] [comments]

South Korea Proposes Regulatory Vetting for Crypto Executives

South Korea's Financial Services Commission (FSC) has proposed significant changes to its reporting requirements for virtual asset service providers (VASP) to regulate the employment of executives in the sector. This amendment would mandate the vetti...

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