South Korean Politician Quits Party Over Crypto Scandal

May 15, 2023 Bitcoin.com

bitcoin.com

A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk, […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Seoul Sanctions North Korea Over Crypto Theft

February 12, 2023 Bitcoin.com

bitcoin.com

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 […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys

January 5, 2023 Bitcoin.com

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Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader Napoli Secures Crypto Sponsorship From […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies

August 3, 2022 Bitcoin.com

bitcoin.com

South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

South Korean Government Calls for Voluntary Regulations From Crypto Industry

June 15, 2022 Bitcoin.com

bitcoin.com

The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Government Asks South Korean Crypto Sector for Regulatory Proposals Representatives of the South Korean government […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

South Korean Intelligence Service Informs Crypto Exchanges About Cyberthreats

April 8, 2022 Bitcoin.com

agency

The South Korean state intelligence agency is now providing crypto trading platforms with information about attempts to breach their cybersecurity. The help for the country’s digital asset exchanges comes amid growing threats, local media reported. Intelligence Service Offers Cybersecurity Assistance to Major South Korean Crypto Exchanges South Korea’s National Intelligence Service (NIS) has started to […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine

March 4, 2022 Bitcoin.com

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Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russian Federation. Largest Korean Exchange May Deny Withdrawals From Russia Several crypto trading platforms in South Korea, including the country’s largest, are banning access from […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned

February 10, 2022 Bitcoin.com

Binance

Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs, Games, and Metaverse Collaborations Cryptocurrency exchange Binance and YG Entertainment Inc., […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions

January 20, 2022 Bitcoin.com

bitcoin.com

The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs

January 3, 2022 Bitcoin.com

bitcoin.com

Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea […]

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