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Sui Network – a layer 1 blockchain – has gained significant traction since its mainnet launch in May. However, South Korean regulators believe the developers lied about several aspects of…
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.
In spite of previous high-profile disappointments tied to the crypto industry, such as 3AC and the ill-fated investment into FTX, the Singaporean government has been approving quite a few crypto…
Upbit, a South Korean cryptocurrency exchange, faced over 159,000 hacking attempts during the first half of 2023, as reported by its operating company, Dunamu. This figure represents a significant surge,…
The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support.
Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years…
No specific timeline was given as to when users can receive their money back.
The city administration behind the project aims to make Busan a blockchain city and has launched a $75 million development plan to realize the goal.
South Korea’s tax agency announced today that taxpayers have declared overseas cryptocurrency assets worth 130.8 trillion won ($98.5 billion) this year following the introduction of mandatory reporting requirements. This shows…
1,432 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets.