Binance Dominates 64% Market Share After FTX Demise
FTX’s bankruptcy has caused investors to migrate massively to the rival exchange Binance, which currently dominates with a 64% market share among the top 10...
Tag : South Korea
Report: Korean Regulators Say Cryptos Are Vulnerable to Money Laundering
The Financial Services Commission (FSC) of South Korea is proposing an investigation into the number of stablecoins being used on cryptocurrency exchanges while putting a...
South Korean Financial Regulator Wary of Firms Entering the Crypto Market
The head of the South Korean regulator – the Financial Services Commission (FSC), Kim Joo-Hyun, has urged domestic businesses to exercise caution while entering the...
Judge Dismisses Arrest Warrant Against Terra Employee
It has been reported that the warrant that had been obtained for Yoo Mo, the leader of the business team of Terraform Labs, has been...
South Korean Prosecutors Reportedly Arrest a Key Terraform Labs Employee
South Korean prosecutors have reportedly arrested a party connected to the implosion of the Terra blockchain ecosystem after months of the probe without a single...
Huobi Crypto Exchange Signs MOU With City of Busan to Boost Blockchain Growth
The Busan Metropolitan City government and Huobi Korea have signed a Memorandum of Understanding (MoU), under which the cryptocurrency exchange will cooperate closely with the...
Busan Partners With FTX to Build Blockchain and Crypto Businesses
Busan, a port city in South Korea, and the cryptocurrency exchange FTX have struck a partnership agreement to build blockchain-based companies over the next several...
Binance Exchange Signs an MOU to Support the South Korean Busan City in Growing Its Blockchain Industry
Binance, the world’s largest cryptocurrency platform, has been moving into several markets over the past few months with the expansion of its services globally....
Airdrops Will Be Subject to Donation Tax in South Korea
Airdrops of virtual assets could be liable to gift tax, according to the tax legislation, as the Korean Ministry of Strategy and Finance has interpreted...
South Korean Regulator Plans to block 16 Foreign Crypto Exchanges that Lack Domestic Licenses
The Financial Services Commission (FSC), which oversees the financial industry in South Korea, intends to restrict domestic users’ access to global cryptocurrency exchanges that are...