South Korea

South Korea seizes $47M from alleged digital currency tax evaders
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29 June, 2021

South Korea seizes $47M from alleged digital currency tax evaders

Authorities in South Korea have seized KRW53 billion ($47 million) from digital currency holders who have been accused of evading...
Bank digital currency clients to be considered ‘high risk’ in latest South Korea crackdown
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18 June, 2021

Bank digital currency clients to be considered ‘high risk’ in latest South Korea crackdown

The new rules will impact on some 60 unauthorized exchanges in the country, as well as forcing banks to regard...
South Korea exchanges protest after regulator bans cross trading
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10 June, 2021

South Korea exchanges protest after regulator bans cross trading

In its latest, aside from banning cross trading activities, the Financial Services Commission has ordered the exchanges to store at...
South Korea to launch digital currency pilot in August
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26 May, 2021

South Korea to launch digital currency pilot in August

Bank of Korea has opened an open bidding process as it seeks to team up with a technology supplier as...
South Korea clamps down on digital currency phishing activities
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15 May, 2021

South Korea clamps down on digital currency phishing activities

The South Korean government is out to strengthen its infrastructure to thwart the growing digital currency phishing activities in the...
Korea regulators pressure banks to release details on digital currency exchange clients
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11 May, 2021

Korea regulators pressure banks to release details on digital currency exchange clients

Regulators in South Korea have told the country’s banks to disclose details of their dealings with local digital currency firms,...
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