Tag: South Korea
Bitcoin Kimchi Premium Reaches a Two-Year High in South Korea
Reading time: < 1 minuteCryptoQuant analysts have reported that the overpayment on South Korean crypto exchanges compared to global values has reached a 27-month high of 10.32%.
South Korea Raises $4.6M in Crypto Taxes
Reading time: < 1 minuteThe Gyeonggi province of South Korea’s Tax Department has announced that they successfully retrieved $4.6 million in taxes from cryptocurrency evaders in 2023.
South Korea Records Increasing Number of Suspicious Crypto Transactions
Reading time: < 1 minuteAccording to South Korean financial intelligence, there has been a 49% increase in suspicious transactions involving digital assets in the country in 2023.
Terraform Labs Former CFO is Extradited to South Korea
Reading time: < 1 minuteMontenegrin police have stated that former CFO of Terraform Labs, Han Chang-joon, has been extradited from Montenegro to South Korea.
South Korea Allows People Report Unlicensed Cryptocurrency Exchanges
Reading time: < 1 minuteOn December 4, regulators in South Korea advised individuals to report any unlicensed cryptocurrency exchanges operating in the region.
South Korea Will Launch A CBDC Pilot
Reading time: < 1 minuteThe Bank of Korea (BOK) is preparing to launch a pilot program for a central bank digital currency (CBDC) in collaboration with the Financial Services Commission (FSC) and Financial Supervisory Service (FSS).
South Korea’s Pension Fund Acquires Coinbase Shares
Reading time: < 1 minuteThe National Pension Service of South Korea recently acquired $19.9 million worth of Coinbase shares.
Bithumb to Go Public in 2025
Reading time: < 1 minuteAccording to a report from Edaily, Bithumb, a South Korean cryptocurrency exchange, is currently making plans to go public in Korea through an initial public offering.
South Korean Telecommunications Company Will Launch a Web3 Wallet
Reading time: < 1 minuteSK Telecom (SKT) has announced that it will be launching a new Web3 wallet service, called T wallet, in collaboration with Aptos Labs and Atomrigs Lab.
South Korea Will Pilot its CBDC in Jeju, Busan and Incheon
Reading time: < 1 minuteThe Bank of Korea has selected Jeju, Busan and Incheon as potential areas for a pilot scheme of its central bank digital currency (CBDC).
