South Korea

US to challenge extradition of Do Kwon to South Korea
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11 March, 2024

US to challenge extradition of Do Kwon to South Korea

The U.S. DOJ said it would continue to seek the extradition of Do Kwon to the United States, fearing that...
South Korea’s ruling party to push digital asset taxes to 2027 in election pledge
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22 February, 2024

South Korea’s ruling party to push digital asset taxes to 2027 in election pledge

The People Power Party is luring voters with promises to defer the upcoming taxes by another two years to 2027...
South Korea to ban unfit exchanges as it ramps up digital asset scrutiny
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18 February, 2024

South Korea to ban unfit exchanges as it ramps up digital asset scrutiny

A three-year license issued to virtual asset service providers (VASPs) in 2021 expires this year, and they have to renew...
South Korea wants digital asset criminals sentenced to life imprisonment
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8 February, 2024

South Korea wants digital asset criminals sentenced to life imprisonment

The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served...
South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam
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7 February, 2024

South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam

Elsewhere, Hong Kong’s Treasury has proposed bringing OTC venues under the city’s regulations, arguing that they have been used to...
Blockchain applications in music explored in South Korean study
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5 February, 2024

Blockchain applications in music explored in South Korean study

A study by two researchers found that most surveyed musicians see blockchain as a vital tool in safeguarding their copyrights...
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