South Korea’s JIU: A Permanent Force Against Crypto Crime South Korean prosecutors are set to make the Joint Investigation Unit (JIU) for Virtual Asset Crimes a permanent fixture in their fight against crypto-related crimes, transitioning from a temporary task force to a full-fledged department. JIU to become permanent crypto crime unit in South Korea Originally […]
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Upbit and Bithumb Set Record with Biggest Ever Crypto Compensation in South Korea In a historic move following a tumultuous period, South Korea’s leading crypto exchanges, Upbit and Bithumb, have agreed to pay out the largest compensation in the nation’s crypto history due to system failures caused by a martial law declaration and a Bitcoin […]
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South Korean Crypto Operator Jailed for Selling Military Secrets to North Korea via Bitcoin In a shocking case of digital espionage, a South Korean crypto operator has been sentenced to prison for selling military secrets to North Korea using Bitcoin. This incident underscores the potential misuse of cryptocurrencies in international espionage while highlighting the ongoing […]
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South Korea Cracks Down on Crypto Price Manipulation with First Action Under New Virtual Asset Act South Korea has launched its first action against cryptocurrency price manipulation under the newly enforced Virtual Asset Act, aiming to protect investors from unfair practices in the crypto market. The Virtual Asset Act, effective from July 19, 2024, is […]
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Upbit Faces Potential Sanctions in South Korea Amid Regulatory Crackdown Imagine waking up to find your new crypto investments locked away for six months. This could soon be a reality for new Upbit users as South Korea ramps up its regulatory crackdown. Upbit, the largest cryptocurrency exchange in South Korea, is under scrutiny for potential […]
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South Korea’s Plan to Allow Corporate Crypto Accounts Sparks Optimism Amid Regulatory Challenges South Korea’s financial regulators are shaking things up in the crypto world with their plan to gradually allow corporate accounts for cryptocurrency exchanges. This big move, detailed in the “2025 Key Policy Plan,” aims to strike a balance between regulatory relaxation and […]
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Bithumb Switches to Kookmin Bank, Targets South Korea’s Youth in Crypto Surge – Bithumb shifts to Kookmin Bank to engage South Korea’s younger demographic. – Transition set for March 2025, approved by South Korea’s financial watchdog. – Move reflects global trend of younger generations embracing cryptocurrencies. Bithumb, South Korea’s second-largest cryptocurrency exchange, is making a […]
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South Korea’s Financial Services Commission to Ease Institutional Crypto Investment Rules in 2025 South Korea’s Financial Services Commission (FSC) is gearing up to relax institutional crypto investment restrictions in 2025, signaling a major shift towards integrating digital assets into the nation’s financial system. South Korea’s FSC to ease crypto investment restrictions in 2025 Non-profit corporations […]
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Ripple Surges Past Ethereum in South Korea’s Crypto Preferences Ripple (XRP) has overtaken Ethereum (ETH) as the second-most preferred cryptocurrency among South Korean investors, according to a recent survey by News1. This shift underscores the unique dynamics of the South Korean crypto market amidst broader economic concerns. Ripple surpasses Ethereum in South Korea. Survey reveals […]
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Can South Korea’s New Crypto Laws Stop Market Manipulators in Their Tracks? In a landmark move, authorities have arrested two South Korean men, Lee and Kang, for allegedly manipulating the price of the Fusionist token, ACE, on the Bithumb exchange. This case marks the first to be fast-tracked under the country’s new Virtual Asset User […]
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