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
South Korea
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South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials
Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do. Go to Source Powered by WPeMatico
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul … Read more
Samsung to research South Korea’s CBDC for offline payments
The collaboration will have both parties researching the offline capabilities of the CBDC issued by South Korea’s central bank. Go to Source Powered by WPeMatico
South Korean Politician Quits Party Over Crypto Scandal
A 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, … Read more
LG Electronics files patent for NFT-trading TV
The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application. Go to Source Powered by WPeMatico
Do Kwon’s lawyers propose $436K bail as authorities prepare for June trial
Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.” Go to Source Powered by WPeMatico
South Korean lawmaker allegedly cashed out while legislating on crypto: Report
National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred. Go to Source Powered by WPeMatico
Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report
The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities. Go to Source Powered by WPeMatico
South Korea’s sweeping crypto bill passes first regulatory hurdles
Legislators in South Korea passed a first phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations. Go to Source Powered by WPeMatico