Thursday, December 1, 2022

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South Korea

More Than 60 Crypto Exchanges In South Korea Halt Operation

The regulatory body of South Korea has released a circular, ordering over 60 crypto exchanges in the country to inform their customer that by...

Top-Three Crypto Exchanges Of South Korea Introduce Joint Venture CODE

The top-three crypto exchanges of South Korea, which include Bithumb, Coinone and Korbit, have come together to co-develop the “travel rule” solution system, announced...

South Korea Strengthens Crackdown On Tax Evasion

South Korean regulators are planning to strengthen their crackdown on tax evasion by introducing revised tax codes, according to a report. Further, it has been...

TriumphX Signs MoU With KFC Korea

A memorandum of understanding (MoU) has been signed between TriumphX, an entertainment and NFT marketplace, and the fast-food giant KFC in South Korea. The aim...

South Korean Regulators Warns Overseas Crypto Exchanges To Comply With Revised Regulation

The South Korean Government released an order, announcing that if any of the foreign crypto exchanges in the country fails to comply with new...

Kakao’s Subsidiary Ground X Wins Tender For Digital Won’s Testing Project

Kakao’s blockchain subsidiary Ground X would be offering technological help to the central bank of South Korea for its digital currency pilots, according to...

Top Financial Regulator Asks Overseas Crypto Exchanges Using Won-Currency To Register With AML Body

If the foreign crypto exchanges are offering their services to an individual in South Korea with the won-currency settlement, then the platform must register...

TikTok Bans Crypto Promotion On Its Platform

Social media platform TikTok banned the promotion of content related to any kind of financial products including cryptocurrencies. The ‘Branded Content Policy’ of the social...

Bithumb’s Former Thai Partner Sues Its Hong Kong Subsidiaries

A civil lawsuit has been filed against Bithumb’s Hong Kong partner for contract violation.  The Korean Times published a report, notifying that the lawsuit was...

South Korea To Restrict Crypto Exchanges Employees From Using Same Platform For Trading

The Korean Financial Service Commission (FSC) of South Korea has announced to charge those employees who caught trading on the same exchanges for which...

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