After the upcoming April elections in South Korea, the newly formed government may ease regulations on digital assets.
The South Korean Office of the President is urging the financial regulator to reconsider its stance on approving a local Bitcoin exchange-traded fund (ETF).
According to a statement released by the Financial Services Commission (FSC) of South Korea, there may be a violation of Korean law by US Bitcoin ETFs that have recently been listed.
The South Korean police have arrested 22 people for their involvement in a cryptocurrency investment fraud in the city of Changwon.
South Korean President Yoon Suk Yeol has issued instructions to have a bill drafted that will contain practical measures to bolster South Korea’s national security by tracking and freezing cryptocurrencies and other virtual assets used by North Korea.
Jung, formerly employed by South Korean crypto exchange Coinone, pled guilty to taking a bribe, according to lawyers from Yonhap. In 2020, broker Hwang Mo allegedly gave Jung 2 billion won ($1.51 million) to list certain digital assets on the platform. When authorities detained other Coinone workers in April 2023, the ‘Furier Coin’ cryptocurrency, which was traded only on Coinone, […]