News with the tag "South Korea"

South Korea’s second-largest exchange adds Across Protocol to its KRW market ACX/KRW trading begins March 22, 2025, at 6 PM local time ACX has gained 44% in 24 hours, eyeing the $0.71 mark after its newest funding South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the listi...

South Korean financial authorities are cracking down on unregistered overseas cryptocurrency exchanges targeting Korean users. Enforcing the Specific Financial Information Act South Korean financial authorities are escalating their efforts to regulate the domestic cryptocurrency market by targeting ...

South Korean financial authorities are considering imposing sanctions on several crypto exchanges that have failed to comply with local regulations. According to a report from local media Korea Economic Daily, the crypto exchanges include BitMEX, KuCoin, CoinW, Bitunix, and KCEX. S. Korea to Sanctio...

South Korean financial authorities are planning sanctions against crypto exchanges who are operating illegally in the country, business newspaper Hankyung reported on Friday . The Financial Intelligence Unit (FIU) classified a number of exchanges who are not registered as Virtual Asset Service Provi...

South Korea’s FIU is cracking down on unregistered overseas crypto exchanges by blocking access to their platforms. Upbit’s South Korean partner Dunamu was served a three-month suspension in late February. The Bank of Korea is not interested in a Strategic Bitcoin Reserve and has never been. South K...

In a dramatic turn of events shaking the Asian cryptocurrency landscape, South Korean crypto lending platform Delio has disclosed a staggering debt of $258.7 million (378.7 billion won). This revelation, brought to light by bankruptcy trustee Jung Dong-hyun, has sent shockwaves through the crypto co...

In a stunning development shaking the South Korean cryptocurrency landscape, Bithumb, a leading crypto exchange, has become the center of a high-stakes investigation. Seoul prosecutors have launched a raid on the exchange, acting on allegations of significant fund misuse by its former CEO. This move...

In an attempt to strengthen regulatory oversight, South Korea has launched a crackdown on unregistered overseas crypto exchanges operating in the country. The country’s Financial Intelligence Unit (FIU) has identified multiple platforms illegally functioning in the country. Reportedly, crypto exchan...

South Korea is reportedly targeting unregistered foreign exchanges like BitMEX and KuCoin for illegal operations, with access-blocking measures under consideration. South Korea ‘s financial authorities have begun taking action against several foreign crypto exchanges, including BitMEX and KuCoin , f...

A South Korean court has jailed a teacher who stole money from students and their parents to “squander” on crypto purchases. Per the South Korean media outlets Jeju Sori and Newsis , the a branch of the Jeju District Court, on the island province of Jeju, rejected an appeal from the teacher – unname...