Crypto News News

South Korea’s Regulator Issued Guideline Clarifying Certain NFTs As Virtual Assets

South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets.  This distinction aims to minimize the.

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Crypto.com Delayed South Korea Launch Amid Regulatory Scrutiny Over Money Laundering Concerns

Crypto.com, a Singapore-based cryptocurrency exchange, has delayed its planned expansion into South Korea following concerns raised by local regulators about potential money laundering.

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Upbit Emerges as South Korea’s Dominant Crypto Exchange with an 80% Market Share

Upbit, a Seoul-based exchange located in the upscale Gangnam district, has captured the majority of the South Korea’s crypto market. The platform currently.

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South Korea Tax Body Set to Seize 5,208 Crypto Assets From Traders Who Failed To Pay Tax

South Korea tax officials in the city of Pohang are set to seize crypto assets from 5,208 residents who failed to pay local.

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Crypto.com Is Growing In South Korea Despite Increasing Regulatory Measures

Despite tightening regulatory measures, Crypto.com exchange has been growing its presence in South Korea for years. Centralized cryptocurrency exchange Crypto.com will launch its.

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USDT OTC ‘Thieves’ Arrested in South Korea’s Gangnam District

Police in Gangnam, an affluent district of Seoul, South Korea, have arrested 10 people accused of stealing money in a bogus USDT OTC.

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South Korea To Launch Virtual Asset Tracking System For Tax Transparency

South Korea plans to launch a tracking system that aims to ensure virtual asset users aren’t avoiding tax payment. The National Tax Service.

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DeSpread Partners with Arbitrum To Spur Blockchain Growth In South Korea

Seoul-based blockchain and Web3 consulting firm DeSpread has announced a collaboration with Arbitrum, a leading Layer 2 scaling solution for Ethereum (ETH), to.

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Bithumb Rises To Challenge Upbit’s Dominance In South Korea’s Crypto Market

Bithumb is rising to challenge the long-standing dominance of Upbit in South Korea’s crypto market, achieving a temporary market share peak of 72%..

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South Korean ‘Smart’ Traders Accused Of $3.2B Crypto Exploitation, Acquitted

Smart South Korean traders allegedly exploited the price gap between South Korean and overseas crypto exchanges – arbitrage trading. These traders amassed estimated.

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