Crypto yield platform Haru suspends transfers after investigation
The firm previously stated it had an issue with one of its service partners. Go to Source Powered by WPeMatico
South Korea
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OpenAI CEO highlights South Korean chips sector for AI growth, willing to invest
Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue. Go to Source Powered by WPeMatico
Do Kwon could serve prison in both US and South Korea, prosecutor says
South Korean senior prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes better sense, but suggested Kwon could also serve time in the US too. Go to Source Powered by WPeMatico
SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea
The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations. Go to Source Powered by WPeMatico
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. Go to Source Powered by WPeMatico
South Korea passes bill to make officials disclose Bitcoin holdings
The “Kim Nam-guk Prevention Law” comes in response to a scandal involving some National Assembly members moving large amounts of crypto. Go to Source Powered by WPeMatico
Bail revoked for Do Kwon after prosecutors in Montenegro appeal: Report
Kwon and former chief financial officer Han Chong-joon reportedly lived in Serbia before they were caught trying to leave neighboring Montenegro using false documents. Go to Source Powered by WPeMatico
G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets. Go to Source Powered by WPeMatico
South Korea to vote on bill requiring crypto asset disclosure for lawmakers
A recent political scandal has prompted the proposal of legislation intended to ensure South Korean officials report all digital asset holdings above roughly $760. Go to Source Powered by WPeMatico
Montenegro prosecutors appeal against Do Kwon’s bail terms
Case files on the prosecutors’ appeal were sent to the Supreme Court in Podgorica for a decision. Go to Source Powered by WPeMatico
