South Korea

South Korea broadens rules to determine which digital tokens are securities
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10 February, 2023

South Korea broadens rules to determine which digital tokens are securities

The new rules are designed to "prevent potential violations of the law" and protect investors' interests, according to the Financial...
Bithumb executive arrested in South Korea on embezzlement charges
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4 February, 2023

Bithumb executive arrested in South Korea on embezzlement charges

Bithumb owner Kang Jong-hyun denied accusations he embezzled over KRW60 billion from the company while his brother is being investigated...
South Korea financial watchdog eyes digital currency disclosure system for investor protection
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2 February, 2023

South Korea financial watchdog eyes digital currency disclosure system for investor protection

To heighten investor protection and increase market efficiency, South Korea plans a digital asset disclosure system that would operate on...
South Korea to set up ‘virtual currency tracking system’ to counter illegal activity
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1 February, 2023

South Korea to set up ‘virtual currency tracking system’ to counter illegal activity

The South Korea Ministry of Justice's proposed tracking system is designed primarily against money laundering activities and to assist in...
Bithumb offices in South Korea raided over local tokens price manipulation claims
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31 January, 2023

Bithumb offices in South Korea raided over local tokens price manipulation claims

The prosecutors raided the Bithumb's offices to gather evidence on the allegations of price manipulations relating to local tokens Pixel...
South Korea: Prosecutors seek warrant to arrest Bithumb owner on fraud allegations
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28 January, 2023

South Korea: Prosecutors seek warrant to arrest Bithumb owner on fraud allegations

South Korean authorities say Kang Jong-Hyun was involved in stock price manipulation in Bithumb's affiliate companies like Vident, Bucket Studio,...
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