Authorities Target First Crypto Pump-and-Dump Under New South Korean Law

January 17, 2025 Bitcoin.com

bitcoin.com

South Korea has cracked down on a pump-and-dump scheme, accusing a suspect of rapid price manipulation under the country’s new crypto regulatory framework. New Crypto Law in Action: Suspect Accused of Rapid Price Manipulation South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) announced on Thursday that they have reported an individual suspected […]

BRICS+ Nations Poised for .4T Boost as AI Powers New Frontiers

BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

Upbit Under Fire: South Korean Regulator Orders Halt on New Users

January 16, 2025 Bitcoin.com

bitcoin.com

The South Korean Financial Intelligence Unit (FIU) has ordered Upbit to temporarily halt services for new users after finding numerous violations of the Specific Financial Transaction Information Act. South Korean Crypto Industry Watches Upbit Case Closely South Korea’s Financial Intelligence Unit (FIU) has reportedly ordered Upbit, one of the country’s largest cryptocurrency exchanges, to halt […]

BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

Corporate crypto investments in South Korea inch closer to approval

January 8, 2025 Coin Telegraph

Bitcoin

South Korean regulators reportedly continue to discuss the approval of corporate crypto trading amid the country’s ongoing leadership crisis.

South Korean regulators are moving forward with plans to approve cryptocurrency investment by institutional investors, according to local media reports.

The South Korean Financial Services Commission (FSC) has announced plans to gradually roll out corporate investment in digital assets by allowing the issuance of real-name corporate trading accounts, the local news agency Yonhap reported on Jan. 8.

The regulator reportedly announced the initiative in conjunction with the FSC’s 2025 work plan to focus on financial stability and accelerate innovation.

BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

Do Kwon in US custody, South Korean president impeached: Law Decoded

January 6, 2025 Coin Telegraph

Coin Telegraph

Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea’s petition.

Terraform Labs co-founder Do Kwon was handed over to United States law enforcement by authorities in Montenegro after a months-long battle over where he would be extradited.

Montenegrin Prime Minister Milojko Spajić said in a Dec. 31 X post that Kwon was in US custody and would face criminal charges in the case involving the collapse of Terra.

Kwon’s handover to the US occurred four days after the Montenegrin Justice Minister Bojan Božović approved the extradition, rejecting a petition from South Korea, despite Kwon holding citizenship and facing charges there.

BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

Recently Extradited Terra (LUNA) Founder Do Kwon Set To Appear in U.S. Court Today: Report

January 2, 2025 The Daily Hodl

Altcoins

The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro. According to a new report by Reuters, Do Kwon is facing fraud charges in the US related to the multibillion-dollar downfall of Terra in 2022 and will make his first court appearance […]

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BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

South Korean court issues arrest warrant for impeached President Yoon

December 31, 2024 Coin Telegraph

Coin Telegraph

A South Korean court has approved an arrest warrant for President Yoon Suk Yeol after he refused three summons requests from investigators.

A South Korean court issued an arrest warrant for President Yoon Suk Yeol, who was impeached and suspended from office following his attempt to impose martial law in early December.

The Seoul Western District Court approved the warrant on Dec. 31, marking the first time a sitting South Korean president has faced an arrest warrant granted by a court, according to a report from Korea Herald.

Investigators requested the warrant after Yoon failed to report for questioning a third time.

BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

December 30, 2024 The Daily Hodl

Altcoins

Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme. Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay […]

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BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

South Korean Government Slaps Sanctions on 15 Individuals Allegedly Involved in North Korea’s Crypto Heists

December 27, 2024 The Daily Hodl

crypto

The South Korean government says it is imposing sanctions on 15 North Koreans who engage in illicit cyber activities to raise funds for their totalitarian state. In a statement, South Korea’s Ministry of Foreign Affairs says the individuals – Park Heung-ryong, Yoon Jung-sik, Lee Il-jin, Kim Kyung-il, Kang Hyun-cheol, Kim Cheol-min, Lee Geum-hyung, Kim Ryu-sung, […]

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BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

Do Kwon Set To Be Extradited to the US After Losing Appeal in Montenegrin Constitutional Court: Report

December 27, 2024 The Daily Hodl

Altcoins

Disgraced Terra (LUNA) founder Do Kwon is reportedly going to be extradited to the US after losing an appeal in a Montenegrin high court. According to a new report by France 24, Kwon – the person suspected of being behind the multibillion-dollar downfall of the Terra ecosystem in 2022 – had his appeal thrown out […]

The post Do Kwon Set To Be Extradited to the US After Losing Appeal in Montenegrin Constitutional Court: Report appeared first on The Daily Hodl.

BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

Bitcoin’s Global Price Tug-of-War: US Discounts, South Korea Premiums Soar

December 27, 2024 Bitcoin.com

Bitcoin

On Friday, as the weekend looms, bitcoin (BTC) is holding its ground at $96,751 per coin. Over at Coinbase, a curious twist has appeared over the past 11 days with a negative premium gap of $122, while South Korea is displaying a premium of 3.3% on bitcoin’s price. Bitcoin Price Divide Prior to bitcoin reaching […]

South Korea

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