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Montenegro halts Do Kwon’s extradition again ahead of appeal ruling

Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry.

The Constitutional Court of Montenegro suspended the extradition of former Terraform Labs founder and CEO Do Kwon on Oct. 18, according to local press reports. A day earlier, the Montenegrin Justice Ministry had said a decision on Kwon’s extradition had been made and it promised to make the decision public on Oct. 20.

The decision on Kwon’s extradition, including Kwon’s destination, was entrusted to the Justice Ministry by the Supreme Court in September. Both the United States and South Korea have requested his extradition.

The Constitutional Court had not informed the ministry of the suspension of that judgment until the last minute, the ministry said, adding:

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Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea

Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South KoreaCompass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining, […]

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South Korea plans to regulate cross-border stablecoin transactions

South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.   

South Korea’s government plans to apply foreign exchange rules to cross-border transactions involving dollar-pegged stablecoins. 

On Oct. 8, the country’s Ministry of Economy and Finance reportedly announced that it was reviewing measures to ensure the soundness of stablecoin transactions. 

The government agency said that apart from being used to transact and exchange within the crypto ecosystem, stablecoins are also used in cross-border transactions. This means that stablecoin’s functions expand to global transfers, which may require different rules. 

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Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans

Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO PlansBithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder meeting on September 30, 2024, as part of Bithumb’s strategy to expand into the U.S. market. The […]

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Crypto Exchange Bithumb Considering Public Listing on Nasdaq: Report

Crypto Exchange Bithumb Considering Public Listing on Nasdaq: Report

South Korean crypto exchange Bithumb is reportedly telling shareholders that it is mulling a U.S. stock exchange listing. According to local outlet DNews, Bithumb told shareholders on Monday that South Korea’s second-largest crypto exchange by trading volume is mulling a Nasdaq listing. The exchange reportedly considered a similar move late last year for the Korean […]

The post Crypto Exchange Bithumb Considering Public Listing on Nasdaq: Report appeared first on The Daily Hodl.

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Bitcoin Price in South Korea Sees Largest Discount Since October 2023

Bitcoin Price in South Korea Sees Largest Discount Since October 2023According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept. 23, bitcoin (BTC) in […]

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Worldcoin and Tools for Humanity Fined in South Korea

Worldcoin and Tools for Humanity Fined in South KoreaWorldcoin, the biometric identification project, and its parent company, Tools For Humanity (TFH), have been fined by the Personal Information Protection Commission (PIPC), South Korea’s data protection agency, for violating the Personal Information Protection Act. According to local media, Worldcoin did not inform data collection subjects about the collection and use purposes, retention and use […]

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South Korea, Hong Kong Lead Crypto Market Growth in East Asia

South Korea, Hong Kong Lead Crypto Market Growth in East AsiaEast Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in on-chain value, while Hong Kong emerges as a major hub due to its unique regulatory framework. Both regions reflect shifting attitudes […]

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MicroStrategy Goes on Biggest Bitcoin (BTC) Buying Spree Since 2021: Report

MicroStrategy Goes on Biggest Bitcoin (BTC) Buying Spree Since 2021: Report

Software firm MicroStrategy is reportedly accumulating Bitcoin (BTC) at the highest rate it has since 2021. According to a new report by Bloomberg, MicroStrategy purchased 18,300 Bitcoin for about $1.1 billion between August 6th and September 12th, the highest amount the firm has bought since February 2021 when it purchased 19,452 BTC. The report finds […]

The post MicroStrategy Goes on Biggest Bitcoin (BTC) Buying Spree Since 2021: Report appeared first on The Daily Hodl.

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South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices

South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal PracticesSouth Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial […]

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