Regulation
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South Korea To Block Non-Compliant Foreign Crypto Exchanges from September
The South Korean Financial Services Commission (FSC) announced today that any non-Korean cryptocurrency exchanges that fail to properly report to…
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Bank of Korea aims to launch CBDC testnet by next year
The Bank of Korea (BOK) today announced that it finished its design and foundational work to establish a CBDC testnet.…
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Blockchain Promotion Act proposed by South Korean Legislator
Democratic Party National Assembly representative Sangmin Lee today proposed the Blockchain Promotion and Fostering Act to support the growth of…
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North Korean cryptocurrency hacking methods becoming more sophisticated
A report by the MIT Technology Review outlines the greater depth and sophistication in which North Korean hackers are stealing…
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Search and seizure at Bithumb for fraud investigation
Today police in the southern Gangnam district in Seoul raided Bithumb headquarters. The Crime Investigation unit from Seoul Metropolitan Police…
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Komid CEO jail sentence stands after Supreme Court shoots down appeal
The sentence of the former Komid exchange CEO has been upheld after a lengthy appeals process by the Korean Supreme…
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Dunamu (Upbit) heads want to store resident ID numbers
Recently Soonho Hwang, the head of the External Cooperation team at Dunamu, who operates Upbit exchange in South Korea, stated…
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Teenager accused of the July 15 Twitter hack owns $3.3M Bitcoin
A teenager, who is allegedly behind the July 15 Twitter hack, is now facing several counts of fraud in connection…
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SEC scouting for a company that could develop a blockchain smart contracts analysis tool
Mainly known as the technology behind cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), blockchain is making its way to other…
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Korean crypto tax amendment sent for review
This morning saw the release of the official tax law amendment in South Korea for 2021 which, among other things,…
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