Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
Delphi Lab’s general counsel said the SEC was being “more thorough than usual” in its lawsuit against Terraform Labs and its co-founder Do Kwon. Go to Source Powered by WPeMatico
South Korea
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South Korea to examine crypto staking services following the Kraken case
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country. Go to Source Powered by WPeMatico
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program. Go to Source Powered by WPeMatico
Seoul Sanctions North Korea Over Crypto Theft
South 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 … Read more
South Korea sets independent sanctions for crypto theft against North Korea
The sanctions against several well-known individuals and hacking groups came just hours after S. Korea announced a joint cyber venture with U.S. intelligence agencies against ransomware threats. Go to Source Powered by WPeMatico
North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state. Cybercrime Groups Linked to North Korea Get … Read more
South Korean regulator provides guidance on security tokens
Digital assets that fit the descriptions for security tokens will be regulated under the country’s Capital Markets Act. Go to Source Powered by WPeMatico
Binance re-enters South Korea with GOPAX exchange
With new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi. Go to Source Powered by WPeMatico
Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months
The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal funds. South Korea to Start Tracking Crypto Transactions in 1H South Korea’s … Read more
Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30
Even though this winter continues to stress test the case for Bitcoin advocation, some lawmakers strive to put their names on the crypto hot list. Go to Source Powered by WPeMatico
