South Korea

US court orders Terraform Labs and CEO Do Kwon to comply with SEC subpoena
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22 February, 2022

US court orders Terraform Labs and CEO Do Kwon to comply with SEC subpoena

Do Kown had argued that the securities regulator doesn’t have jurisdiction over him as he is a Korean national and...
South Korea regulator to enhance supervision over digital currencies, NFTs, metaverse
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19 February, 2022

South Korea regulator to enhance supervision over digital currencies, NFTs, metaverse

The Financial Supervisory Service will become more stringent with the digital assets sector as it booms in South Korea, including...
V Global scam: South Korean prosecutors call for life sentence in $1.9B case
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22 January, 2022

V Global scam: South Korean prosecutors call for life sentence in $1.9B case

The prosecutors believe that the life sentence is appropriate given the severity of the act, which they say destroyed families...
South Korea to tax inherited and donated digital currencies starting 2022
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5 January, 2022

South Korea to tax inherited and donated digital currencies starting 2022

South Korea’s tax agency will use data from the Big Four exchanges to determine the daily average price upon which...
South Korea’s Coinone exchange blocks withdrawals to unverified wallets
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5 January, 2022

South Korea’s Coinone exchange blocks withdrawals to unverified wallets

Wallets such as MetaMask and Ledger, which don't require KYC verification, will no longer be usable on Coinone, a top...
South Korea man who mistakenly received 200 BTC will not be punished for keeping it
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30 December, 2021

South Korea man who mistakenly received 200 BTC will not be punished for keeping it

The Supreme Court ruled that since BTC isn’t a property, the man who received 200 BTC by mistake isn't guilty...