Korea

Korean Court Determines Do Kwon Obtained About $176M From Terra-LUNA

The assets worth 233.3 billion won, equivalent to $176 million of Terraform Labs CEO Kwon Do-hyung (Do Kwon) have been…

2 years ago

South Korean Congressman Investigated 800K WEMIX With Allegations Of Fraud

South Korean congressman Kim Nam-guk held 800,000 WEMIX when he proposed postponing the tax on virtual assets such as cryptocurrencies…

2 years ago

Bank of Korea To Fight For The Right To Control Virtual Asset Companies

The Bank of Korea may have the right to investigate the virtual asset business.

2 years ago

Korea Promotes Class Action System For Virtual Asset Trading To Protect Investors

The Korean Financial Services Commission is proceeding with the filing of a class-action lawsuit unfair virtual asset trading system and…

2 years ago

Do Kwon Has No Assets In Korea While Terra Has Raised Over $300 Million

Korean prosecutors have confiscated the assets of Terra executives, including Kwon Do-hyung, for a minimum amount of 414.5 billion won.…

2 years ago

Korea Expected To Pass 18 Digital Asset Bills In April

The Digital Asset Market Regulation Bill proposed by the Korean National Assembly in the fall of 2022 will be passed…

2 years ago

20 Korean Cryptocurrency Exchanges Will Be Under Full Inspection This Month

Key Points: The Korean Financial Intelligence Unit (FIU) plans to inspect 20 crypto exchanges this month comprehensively. The FIU will…

2 years ago

Korea Urgent In Combating Virtual Asset Cybercrime And DDoS Attacks

Key Points: South Korea has listed dark web tracking, virtual asset analysis, and DDoS attacks as three central tasks in…

2 years ago

Korean Banks Keep Exclusive Rights For Virtual Asset Real-name Verification Accounts

Key Points: Currently, only banks in Korea issue real-name verification accounts for virtual assets, but some argue that allowing securities…

2 years ago

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