South Korea
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XRP Market Trading Volume Skyrockets by 46% in Q1 2021
According to reports, according to CryptoCompare data, the XRP market trading volume increased by 46% month on month in the first quarter, which is likely due to a combination of s
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Understanding the Difference Between CBDCs and Virtual Assets in South Korea’s Legal Framework
On April 24th, it was reported that the definition of virtual assets in the virtual asset related laws currently being discussed in the South Korean parliament does not include pro
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Legal Troubles for Directors of Coinone in South Korea
On April 24th, it was reported that Judge Kim Jong kyi of the 7th Criminal Division of the South District Court in Seoul, South Korea, set the first trial date for former director
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Bithumb CEO Summoned for Allegedly Accepting Kickbacks for Cryptocurrency Listings
According to reports, the Financial Investigation Division 2 of the South District Prosecutor\’s Office in Seoul, South Korea has summoned Lee Sang-jun, CEO of Bithumb Holdings, a S
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South Korean Banks May Gain Authority in Investigating Virtual Asset Business
On April 20th, it was announced that South Korean banks may have the authority to investigate virtual asset business. According to sources from the Political Affairs Committee of t
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Upbit’s Announcement: DAXA to Terminate Trading Support for OMG and SRM
On April 12th, according to Upbit\’s announcement, members of the Korean Digital Asset Exchange Association DAXA plan to terminate their trading support for OmiseGO (OMG) and Serum
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The Arrest of Coinone’s Employees and the Implications for Cryptocurrency Trading in South Korea
According to reports, employees of Coinone, a South Korean cryptocurrency exchange, have been arrested on suspicion of exchanging currency in exchange for listing certain cryptocur
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Arrest Warrants Issued for Former Coinone Executives in South Korea
On April 11th, it was reported that the Southern District Court of Seoul, South Korea, issued arrest warrants for Kim, former head of the Coinone cryptocurrency trading team, and H
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Investigating South Korean Exchanges Handling Tokens – The Current Legal Situation
On April 3rd, a spokesperson for the prosecutor\’s office in the southern region of Seoul said, \”If we see more evidence, we will (expand) the investigation to other exchanges.\” Sou
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Alchemy Pay Secures $10 Million in Financing for Expansion in South Korea
On April 3rd, Alchemy Pay, a Singapore based cryptopayment service provider, announced that it would complete a $10 million financing with a valuation of $400 million. This round o
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Alchemy Pay Secures $10 Million Financing to Expand Cryptopayment Services in South Korea
On April 3rd, Alchemy Pay, a Singapore based cryptopayment service provider, announced that it would complete a $10 million financing with a valuation of $400 million. This round o
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Arrest Warrant for Terraform Labs Co-founder Rejected in South Korea
According to reports, a South Korean prosecutor\’s request to arrest Daniel Shin, co founder of Terraform Labs, was rejected by a local court for the second time.
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Upbit, Bithumb, and Coinone Remove Paycoin from Crypto Exchanges
On March 31, Upbit, Bithumb, Coinone, and other South Korean crypto exchanges announced on their official website that they would remove Paycoin (PCI) from the market at 15:00 loca
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XRP: A Significant Surge in Trading Volume in South Korea
According to reports, data shows that XRP has increased by 26% in the past week, and XRP\’s trading volume has soared to billions of dollars in UpBit, Bithumb, and Korbit, the three
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Introduction
On March 30, the South Seoul District Court in South Korea began reviewing the arrest warrant for Daniel Shin, Terra\’s co founder and former CEO of Chai Corporation, at 10:30 local
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Justice Minister of Montenegro: Both the United States and South Korea are seeking the extradition of Do Kwon
According to reports, the Justice Minister of Montenegro stated that both the United States and South Korea are seeking to extradite Do Kwon, the founder of Terra coins.
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The Political Affairs Committee of the Korean Parliament is expected to pass a digital asset market regulation bill in April
On March 29, a member of the first branch of the South Korean parliament, Senator Kim Hee kun, stated in response to the \”Digital Assets\” law that on March 28, the first branch of
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US prosecutor: US will seek to extradite Do Kwon to New York
According to reports, New York prosecutors have accused Terra co founder Do Kwon of fraud and will seek to extradite Terra co founder Do Kwon to New York.
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The Korean Government Council will propose and discuss a “virtual asset related bill” at the end of this month
It is reported that the South Korean Government Affairs Committee will hold the 1st Proposal Review Branch on March 28th to propose and discuss the legislation of the \”Virtual Asse
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Asia’s Impact on Bitcoin: What Happens When Asia Wakes Up?
According to reports, cryptocurrency analyst Joseph Young said on social media that Asia has not driven a rebound in Bitcoin. Trading volume between South Korea and China is very l