Tag: Korea

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South Korea Seeks 20-Year Sentence for Delio CEO Over $169M Crypto Fraud

South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against...

Korea Ramps Up 2027 Crypto Tax Prep Amid Abolition Push

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s tax authority has begun preparations to implement its 20-22% tax...

Ripple Scores New Korea Banking Deal With K Bank Partnership

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s internet-only lender K bank has signed a strategic partnership with...

North Korea Tied to Heists Worth $578M in April After Kelp DAO Exploit

Kelp DAO suffered a $292 million hack on Saturday, overtaking Drift as the largest crypto exploit of the year so far. North Korea-linked hackers...

South Korea to Test Deposit Tokens for Government Spending

Nine major banks will participate in the pilot, which replaces government purchase cards with programmable blockchain-based payments starting in Q4.South Korea's Ministry of Economy...

South Korea to pilot blockchain deposit tokens for government spending in Q4

South Korea’s Ministry of Economy and Finance will begin testing blockchain-based deposit tokens for government spending in the fourth quarter as part of a...

Crypto Payments Just Changed In South Korea — Will This Avalanche Bet Rewrite The Rules?

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A South Korean payment firm has teamed up with Avalanche to create...

Bank of Korea nominee backs CBDC-led system with limited stablecoin role

Shin Hyun-song, the nominee to lead the Bank of Korea, said a central bank digital currency (CBDC) and bank-issued deposit tokens should form the...

South Korea Orders Suspension, Fine for Crypto Exchange Coinone

South Korea’s third-largest cryptocurrency exchange, Coinone, is facing a fine and a partial business suspension over anti-money laundering lapses, according to multiple local media...

Why North Korea hacks crypto instead of evading sanctions like Russia and Iran

North Korea's six-month infiltration campaign at Drift rattled a crypto industry already reeling from billion-dollar exploits.But as the news settled, a bigger question came...

South Korea Court Cancels Dunamu Suspension Over FIU Case

A South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange Upbit, according...

South Korea Eyes FX Oversight for Stablecoins in Draft Bill

South Korea’s ruling Democratic Party is reportedly preparing a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world...