South Korean Politician Quits Party Over Crypto Scandal

South Korean Politician Quits Party Over Crypto ScandalA member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk, […]

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Seoul Sanctions North Korea Over Crypto Theft

Seoul Sanctions North Korea Over Crypto TheftSouth Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile development projects. South Korea Hits North Korean Hackers With First Cybercrime Sanctions The […]

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Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade LeviesSouth Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets […]

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South Korean Government Calls for Voluntary Regulations From Crypto Industry

South Korean Government Calls for Voluntary Regulations From Crypto IndustryThe executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Government Asks South Korean Crypto Sector for Regulatory Proposals Representatives of the South Korean government […]

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South Korean Intelligence Service Informs Crypto Exchanges About Cyberthreats

South Korean Intelligence Service Informs Crypto Exchanges About CyberthreatsThe South Korean state intelligence agency is now providing crypto trading platforms with information about attempts to breach their cybersecurity. The help for the country’s digital asset exchanges comes amid growing threats, local media reported. Intelligence Service Offers Cybersecurity Assistance to Major South Korean Crypto Exchanges South Korea’s National Intelligence Service (NIS) has started to […]

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South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine

South Korean Crypto Exchanges Restrict Russians’ Access Over War in UkraineMajor South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russian Federation. Largest Korean Exchange May Deny Withdrawals From Russia Several crypto trading platforms in South Korea, including the country’s largest, are banning access from […]

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Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned

Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs, Games, and Metaverse Collaborations Cryptocurrency exchange Binance and YG Entertainment Inc., […]

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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions

Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax ExemptionsThe leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon […]

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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs  

Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs  Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea […]

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