South Korea Targets Crypto Price Manipulation in First Action Under New Act
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South Korea to Tighten Stablecoin Regulations With New Forex Rules
South Korea’s Ministry of Strategy and Finance announced on October 8 that it is reviewing measures to regulate stablecoins more strictly. This decision comes amidst increasing criticism that stablecoins are emerging as a hidden threat in the foreign exchange landscape due to inadequate government oversight. Rising Cross-Border Use and Industry Criticism According to local media
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Book Of South Park (BOSP) Meme Token Launches on Ethereum Blockchain
[PRESS RELEASE – Sydney, Australia, May 26th, 2024] A new Ethereum-based meme coin, “Book Of South Park” (BOSP), has officially launched following three months of community contributions and AI-inspired animations. This token, which pays homage to the iconic animated series “South Park,” aims to make a significant impact in the meme coin sector. In a
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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?
The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. For the uninitiated, the kimchi premium is an indicator
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South Korean Police Arrest 49 in Crypto-powered Drug Trading Bust
Last updated: April 23, 2024 23:00 EDT | 2 min read South Korean police have arrested 49 people in a raid on a suspected crypto-powered drugs trading gang, officers announced on April 23. Per Newsis, the Busan Police Agency Drug Crime Investigation Unit said the gang had smuggled and sold almost $1.5 million worth of
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Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’
Last updated: April 17, 2024 23:00 EDT | 1 min read An escaped South Korean criminal suspect reportedly stole almost $362,000 worth of cash in an armed robbery on an OTC crypto buyer. Per Law TV News, police say the suspect – aged in his 40s – “lured” a victim to Seoul’s affluent Gangnam District
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South Korean Central Bank to ‘Speed up’ CBDC Project
Last updated: April 16, 2024 23:00 EDT | 2 min read The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year. According to Newsway, the Bank of Korea (BOK) will test digital KRW usability and deposit functions
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South Korean ‘Crypto Tax Crackdown’ Moves to Another City
Last updated: April 15, 2024 23:00 EDT | 2 min read The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province. While crypto trading profits are not yet subject to taxation in South Korea, local authorities have been seizing and liquidating coins from so-called
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South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins
Last updated: April 7, 2024 23:00 EDT | 1 min read South Korean tax officials in the city of Pohang are set to seize cryptoassets from 5,208 residents who failed to pay local taxes. The move is part of a national crackdown. The drive saw tax officials seize almost $29 million in coins and fiat
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South Korean Politicians Accuse Each Other of Crypto Misconduct Ahead of Election
Last updated: April 1, 2024 23:00 EDT | 2 min read South Korean politicians are accusing one another of crypto-related wrongdoings ahead of parliamentary elections in the nation on April 10. The country will go to the polls in just over a week to elect members of the National Assembly. The parliament is currently dominated
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