Search Results for "korea"
Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions
An American citizen is sentenced to 63 months in jail by U.S. District Judge for allegedly helping individuals in the DPRK (North Korea) to evade sanctions imposed by the U.S.
South Korea's Crypto Tax Delayed Until Jan 2025
Crypto tax on digital assets in South Korea will be further delayed by another two years, according to an announcement from an official of the Ministry of Economy and Finance tax policy.
South Korea's Top Remittance Payment Company Global Money Express Joins RippleNet to Expand Payments into Thailand
Ripple has established a connection with Global Money Express, Korea’s top non-bank remittance payment company to link with Thailand’s Siam Business Bank.
Former South Korean Deputy Minister Yong-beom Kim Joins Blockchain Research Institute
Yong-beom Kim, former first deputy minister of the Ministry of Planning and Finance of South Korea, will join Hashed Open Research, a blockchain and digital technology research institute, as CEO.
Korea's Gaming Giants Double Down on NFTs: Can Seoul Lead Web3 Gaming?
South Korea's gaming giants are embracing NFTs and Web3, positioning Seoul as a potential leader in decentralized gaming despite regulatory challenges.
South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader
A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.
Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law
Chinese officials to consider a cross-border stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies China, Japan, and South Korea. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.
Blender is relaunched as Sinbad
Elliptic, a crypto risk management organization, hypothesized that Blender renamed to Sinbad to "earn confidence from users" and escape fines.
South Koreans transacted $4.3 billion through illegal crypto exchanges
In 2022, South Koreans transacted $4.3 billion through illegal crypto exchanges, comprising almost 70% of all illicit money traffic captured by officers. The transactions aimed to purchase foreign virtual assets to sell in the country later due to the South Korean regulatory regime isolating the local market.
Upbit Becomes the First Exchange to Register with FIU as September Deadline Looms
Upbit has now registered with FIU as other exchanges move to follow this lead before the September 24 regulation deadline.
North Korean Hackers Breach JumpCloud, Signaling a Shift in Crypto-Heist Strategy
According to Reuters, JumpCloud, an American IT management company based in Louisville, Colorado, confirmed a system breach in late June 2023 by a North Korean government-backed hacking group .
Shinhan bank Opens Door to Corporate Crypto Accounts, Paving the Way for Institutional Adoption
As the first domestic lender on South Korean soil, Shinhan Bank has rolled out real-name corporate accounts to enable transactions from cash to crypto based on its partnership with cryptocurrency exchange Korbit.