The bill marks the country’s first step towards a digital asset legal framework.
South Korean crypto lending firm Delio under investigation by regulators
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month.
South Korea passes cryptocurrency bill to tackle unfair trading
South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading.
Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge
The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That’s nearly 3.5 times
South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
Earlier this month, Haru Invest halted withdrawals and deposits.
Do Kwon gets 4 months in prison in Montenegro on fake passport charges
Terraform Labs founder sentenced to four months in jail after being found guilty of using a false Costa Rican passport.
SEC argues against Dentons’ motion to dismiss Terraform and Do Kwon’s lawsuit
Lawyers for Terraform Labs and Do Kwon used a U.S. Congress hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit.
Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request: Report
Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail.
Do Kwon heading into extradition custody in Montenegro after receiving bail: Report
The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.
Haru Invest files criminal complaint against consignment operator
The South Korean yield platform said it has filed a criminal complaint against B&S Holdings and plans to initiate civil proceedings as well.
South Korean Bitcoin lending platform Delio pauses withdrawals
The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity.
Crypto yield platform Haru suspends transfers after investigation
The firm previously stated it had an issue with one of its service partners.
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update.
OpenAI CEO highlights South Korean chips sector for AI growth, investment
Sam Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue.
Do Kwon could serve prison in both US and South Korea, prosecutor says
South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well.
SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea
The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations.
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
Crypto Exchange Coinone’s Former Exec Acknowledges Bribery Charges in South Korea: Report
A lawyer for the accused reportedly said he admits “the facts of the prosecution,” during a May 25 trial hearing.
South Korea Lawmakers Pass Law Requiring Officials to Disclose Crypto Holdings: Report
Lawmakers recently called for the Bill to take effect within two months.
South Korea passes bill to make officials disclose Bitcoin holdings
The “Kim Nam-guk Prevention Law” comes in response to a scandal involving some National Assembly members moving large amounts of crypto.