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...
South Korea
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...
Crypto.com Dives into The South Korean Market With New Acquisitions
Earlier today, Crypto.com stated that it has acquired payment service provider “PnLink Co., Ltd.” and virtual asset service provider “OK-BIT Co., Ltd.”, therefore securing registration...
South Korean Prosecutors Raided seven Cryptocurrency Exchanges Connected to the Terra Collapse
Regulators and government representatives are still interested in knowing what caused the abrupt collapse of the Terra ecosystem as well as any other groups or...
The United States and South Korea Meet to Enhance Cooperation in Crypto Crime Investigation
During his visit to New York, the Justice Minister of South Korea, Han Dong-hoon, met with officials from the United States Department of Prosecution to...
South Korea Prohibits Terraforms Developers from Leaving the Country
Prosecutors in South Korea have put a travel ban on former Terra developers in order to prevent them from fleeing the country while investigations into...