The South Korean government is moving forward with a plan to grant Dunamu, the operator of the country’s largest cryptocurrency exchange Upbit, …
South
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Regulation
South Korea arrests 23 over USDT laundering for Cambodian fraud network
by shayaanby shayaanSouth Korean authorities have dismantled an alleged cryptocurrency laundering operation that moved 16.8 billion won ($11.1 million) through $USDT transactions and exchange …
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Regulation
South Korea’s Finance Ministry Classifies Tokenized Stocks as Securities, Taxation Could Begin in H2
by shayaanby shayaanSouth Korea’s Ministry of Strategy and Finance has indicated that tokenized stocks are currently classified as securities under existing law, a position …
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Regulation
South Korea Police Crypto Custody Bid Draws Fire for Favoring Large Exchanges
by shayaanby shayaanThe National Police Agency of South Korea has launched its fourth attempt to secure a custodian for managing seized virtual assets, but …
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Finance
South Korea’s crypto trading volumes drop to 98.1T – What’s behind the shift?
by shayaanby shayaanIn a recent turn of events, the average monthly trading volume on South Korea’s five main won-based exchanges—Upbit, Bithumb, Coinone, Korbit, and …
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Finance
Luno CEO James Lanigan Warns $33T Stablecoin Boom Could Bypass South Africa
by shayaanby shayaanLuno CEO James Lanigan warned that South Africa’s proposed Capital Flow Management Regulations could severely harm the country’s economic competitiveness by restricting …
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Regulation
South Korea police raid Bithumb over lawmaker hiring favoritism probe: report
by shayaanby shayaanSouth Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi. Kim allegedly …
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Regulation
Trader Loses 1,680 BTC Fight as South African Court Classifies Bitcoin as Capital
by shayaanby shayaanA South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) …
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Regulation
South Korea opens reporting period for 2025 overseas financial accounts
by shayaanby shayaanSouth Korea has opened the reporting window for individuals to declare overseas financial accounts held during 2025, with the submission period running …
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Regulation
South Korea Sets National Goal for Digital Asset Ecosystem, Targets February 2027 for Security Token Act
by shayaanby shayaanSouth Korea has officially designated the development of a digital asset ecosystem as a national priority, marking a significant step in the …