While Washington remains stuck in legislative tug-of-war over a landmark crypto bill, half a world away the regulatory machine is moving with …
Korea
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Markets
Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze
by shayaanby shayaanThe exchange has secured a preliminary injunction freezing stolen assets. www.coindesk.com
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Regulation
South Korea Approves Retired Police, Tax Officials for Jobs at Bithumb Affiliates
by shayaanby shayaanSouth Korea’s Government Public Ethics Committee has approved the employment of retired officials from the National Police Agency and the National Tax …
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Finance
South Korea has approved new sovereign fund account for AI and strategic sectors
by shayaanby shayaanSouth Korea has approved plans to establish a new 20 trillion won investment account within its sovereign wealth fund to finance artificial …
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Adoption
South Korea Confirms 2027 Crypto Tax After Three Delays, Trading Volume Fears Return
by shayaanby shayaanAfter three postponements that kept crypto gains untaxed since the initial 2022 deadline, South Korea’s government is drawing a line. Deputy Prime …
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Markets
South Korea trading giant puts receivables onchain in tokenization test with LG CNS
by shayaanby shayaanPOSCO International and LG CNS is tapping Injective network to tokenize live commercial invoices, another sign blockchain rails are moving deeper into …
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Markets
North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto
by shayaanby shayaanThe group allegedly breached Central Bank systems, converted crypto to cash via Chinese brokers, and used small transfers to evade detection. www.coindesk.com
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Finance
Bank of Korea Could Launch Live Deposit Token Trials as Early as September
by shayaanby shayaanThe Bank of Korea is moving closer to live transaction testing of deposit tokens under the second phase of Project Hangang, its …
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In brief The Bank of Korea will launch Phase 2 of its CBDC pilot in September, expanding to nine banks and a …
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South Korea has raised interest rates for the first time since January 2023, shifting monetary policy toward tighter conditions in one of …