South Korea

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...
Regulatory crackdown: South Korea, Taiwan issue arrest warrants; Abra settles in Texas
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30 January, 2024

Regulatory crackdown: South Korea, Taiwan issue arrest warrants; Abra settles in Texas

The Texas State Securities Board has settled with Abra, which consented to repay $1.8 million to 1,600 investors from the...
South Korea set to become a hub for BSV blockchain, IPv6
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24 January, 2024

South Korea set to become a hub for BSV blockchain, IPv6

South Korea is shaping up to become a blockchain and IPv6 hub, with help from BSV blockchain experts, who attended...
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