South Korea | ForkLog

ForkLog 6 05.09.2023

South Korea to freeze North Korea’s crypto assets, reports say

South Korea's government plans to present a bill to track and freeze North Korea–linked cryptocurrency assets, according to Korea JoongAng Daily, citing sources.

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ForkLog 6 22.08.2023

South Korean bitcoin-exchange clients to be probed for tax evasion

Authorities in the city of Cheongju have asked seven cryptocurrency exchanges, including Upbit and Bithumb, for information on 8,520 clients suspected of tax evasion.

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ForkLog 5 17.08.2023

Polygon Labs inks partnership with SK Telecom

Polygon Labs and South Korean mobile operator SK Telecom have joined forces to develop the Web3 ecosystem.

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ForkLog 3 09.08.2023

South Korea’s Bitsonic chief executive arrested over alleged $7.6m asset theft

The CEO of the South Korean cryptocurrency exchange Bitsonic, Jinwook Shin, has been arrested for allegedly stealing assets worth 10 billion won ($7.6 million).

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ForkLog 4 31.07.2023

South Korea narrows list of cities for CBDC launch

South Korea will launch a pilot CBDC project in one of three cities: Jeju, Busan or Incheon.

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ForkLog 5 27.07.2023

South Korea urges crypto exchanges to strengthen compliance controls

The authorities in South Korea will help VASP strengthen compliance with the law and bolster measures to combat crime.

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ForkLog 5 26.07.2023

South Korea forms task force to tackle crypto crime

South Korea has launched a group to combat crypto crime. The initiative comes amid a surge in illicit activity in the digital-asset market.

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ForkLog 3 24.07.2023

South Korean banks study alternatives to stablecoins and CBDC

South Korea's Hana Bank and Woori Bank have begun studying so-called tokenized deposit certificates. The institutions see them as an alternative to stablecoins and CBDC, Maeli Business News Korea reports.

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ForkLog 4 24.07.2023

Delio platform warns of potential closure after asset seizure

South Korea-based crypto-lending platform Delio said it faced difficulties returning to normal operations after assets were seized by the FSC.

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ForkLog 12 12.07.2023

South Korea to require disclosure of digital-asset holdings

From January 2024, the FCS will require firms to disclose holdings of digital assets on their balance sheets. This follows from updated accounting rules.

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ForkLog 16 30.06.2023

South Korea Passes Bill on Digital Assets

South Korea's parliament passed a law protecting users of digital assets, spurred by the Terra collapse.

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ForkLog 9 26.06.2023

South Korea’s KT to invest $5.3 billion in AI

South Korea's KT Corporation will allocate 7 trillion won (~$5.3 billion) to research and development of AI-based products over five years.

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#South Korea