South Korea

South Korea new sanctions target North Korea’s digital asset hackers
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15 February, 2023

South Korea new sanctions target North Korea’s digital asset hackers

Apart from the four individuals sanctioned by South Korea for plotting and initiating cyberattacks, seven institutions were also penalized for...
South Korean authorities traveled to Serbia to arrest Terra’s Do Kwon
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11 February, 2023

South Korean authorities traveled to Serbia to arrest Terra’s Do Kwon

South Korean news outlets speculate that Do Kwon has been hiding out in Serbia since December 2022, but Terra’s fugitive...
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...