Tag: south korea

North Korea's state-sponsored hacking group Lazarus is suspected of stealing approximately $30.6 million in cryptocurrency from Upbit, South Korea's largest digital asset exchange, in a breach that authorities say bears ...

South Korean prosecutors have indicted two senior police officials and five civilians for their alleged roles in a bribery scheme connected to a cryptocurrency money laundering operation that processed 249.6 ...

Kakao Bank has begun developing a won-backed stablecoin after securing internal approvals, while rival Naver Financial prepares to acquire crypto exchange operator Dunamu in a 20 trillion won ($14 billion) ...

South Korea’s Second Vice Foreign Minister Kim Ji-na announced on November 6 that her country is contemplating sanctions against North Korea for its rampant cryptocurrency crimes. She highlighted that stolen ...

Cryptocurrency trading volumes on South Korean exchanges have fallen to their lowest levels in a year as investors shift capital to equities, with the KOSPI index surging nearly 20% in ...

BDACS launched KRW1, South Korea's first won-backed stablecoin, on Circle's Arc blockchain testnet this week, as regulatory debate intensifies over which institutions should be permitted to issue Korean currency-pegged digital ...

Crypto.com will launch a KRW-pegged stablecoin and co-branded prepaid card through a partnership with South Korean fintech Travel Wallet, which handles $4.3 billion in transactions for over 8 million customers. ...

South Korea’s National Tax Service (NTS) has intensified its campaign against crypto-related tax evasion, declaring that even digital assets stored in cold wallets may now be subject to seizure if ...

South Korea’s National Tax Service (NTS) has intensified its campaign against crypto tax evasion, announcing that even assets stored in offline cold wallets will not escape government scrutiny. The move ...

South Korea has officially moved to end crypto ventures restrictions that have sidelined digital asset firms from the nation’s startup ecosystem since 2018. The Ministry of SMEs and Startups announced ...