Source: Robert/Adobe South Korean police say they have swooped on a $32 million chat app-based crypto scam ring that they say was being run by a network of “gangsters.” Per Chosun Ilbo, Busan Metropolitan Police, the group comprised nine groups of “violent gangsters” who operated bogus “crypto reading room” sites on chat app platforms. Officers […]
South Korean Police Shut Down ‘Gangsters’ $32m Crypto Scam Ring’ Read More »
Source: Global Image Archive/Adobe A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues. The executive, Won Young-sik, is the former CEO of Chorokbaem Group, the parent firm of Chorokbaem Media. The latter is one of
South Korean Biz Exec Bailed as ‘Bithumb Market Manipulation’ Probe Continues Read More »
Source: Angelov/Adobe Police in the South Korean city of Daegu say they have raided a “drug trafficking organization” that used crypto as a payment tool – and arrested 48 people. Per Chosun Ilbo, the Daegu Police Agency’s metropolitan investigation unit arrested 44 people connected to a suspected “overseas drug sales organization.” The group of arrestees
South Korean Police Arrest 48 in ‘Crypto-powered Drug Trafficking’ Raids Read More »
In a move to modernize its financial infrastructure, South Korea is set to embark on a pioneering project involving digital currency. Commencing in the fourth quarter of 2024, the nation will start a pilot program involving the participation of 100,000 citizens, signifying a significant stride towards the nationwide implementation of digital currencies. South Korea to
South Korea to Launch Digital Currency Pilot Program in 2024 Read More »
South Korea’s National Pension Service (NPS), which is one of the largest pension funds in the world, bought approximately $20 million worth of Coinbase stock (COIN), an investment that has raked in an unrealized 40% profit for the fund. The move marked the first time NPS would include a crypto-based company in its U.S. stock
South Korean Pension Fund Giant Invests $20 Million in Coinbase Shares in Q3 2023 Read More »
South Korea’s largest wireless carrier – SK Telecom – has announced signing a tripartite agreement with Aptos Labs and Atomrigs Labs. The latter serves as its technology partner. According to the official announcement on the LinkedIn post, the strategic partnership is expected to enhance SK Telecom’s affiliations with customer-preferred mainnets and decentralized applications(dApps). The focus
South Korean Telecom Giant Partners With Aptos to Boost Web3 Initiatives Read More »
Source: AdobeStock / Alexander South Korea’s Financial Supervisory Service (FSS) is looking to establish comprehensive guidelines for the issuance and distribution of cryptocurrencies to enhance the Virtual Asset Users Protection Act passed earlier this year. Under this new legislation, authorities are mandated to formulate standards concerning virtual asset listing procedures, internal controls, and issuance and
South Korean Regulator to Establish Standards for Issuance and Distribution of Crypto Read More »
