Tag: Korea

spot_img

South Korea Fines Bithumb $24 Million Over AML Violations

South Korea’s Financial Intelligence Unit (FIU) has fined cryptocurrency exchange Bithumb 36.8 billion won ($24.6 million) and ordered a six-month partial suspension...

South Korea Hits Bithumb With $24.5M Fine Over AML Violations

South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension after finding widespread violations...

U.S. sanctions network that allegedly laundered $800 million in crypto for North Korea

The U.S. Treasury Department imposed sanctions on six individuals and two companies it says helped North Korea convert $800 million in 2024 into crypto...

South Korea Moves to Build AI Platform to Monitor Crypto Gains

South Korea’s tax authority is preparing to deploy artificial intelligence to track cryptocurrency investment gains as the government moves closer to implementing a long-delayed...

Bithumb faces proposed 6-month partial ban over South Korea AML breaches

South Korean cryptocurrency exchange Bithumb has received a preliminary notice of sanctions that could lead to a six-month partial business suspension, local media reports.The...

South Korea to block firms from using USDT, USD Coin – DL News

No room for flexibility, say regulators.South Korean firms cannot buy crypto, unlike Japanese, US companies.Listed firms frustrated by Financial Services Commission stance.South Korean financial...

South Korea Halts Trading as Global Markets Plunge

The Korean Stock Exchange was forced to halt trading after the escalating conflict in the Middle East prompted a major share price plunge on...

South Korea Plans 20% Cap on Crypto Exchange Shareholder Stakes: Report

South Korea’s government and ruling party have reportedly agreed on a plan to cap the ownership stakes of major shareholders in domestic crypto exchanges...

Hyundai Commits to $6.1B for AI, Robotics Hub in Korea

Hyundai Motor Group has signed a $6.1 billion deal to develop an innovation hub in its native South Korea, covering AI, robotics and more.The...

South Korea to Require Crypto, Stock Influencers to Disclose Holdings

South Korea is reportedly preparing new rules that would force social-media personalities promoting cryptocurrencies and stocks to reveal what they own and whether they...

South Korea Ends 9-Year Corporate Crypto Ban Under Strict New Rules

Key takeawaysSouth Korea is ending a nine-year ban on corporate crypto trading, allowing listed entities and professional investment companies to reenter the market under...