South Korean crypto exchanges exceeded the stock market in trading volume, driven by increasing interest in altcoins and a high-risk investment preference among Korean investors.
WeiliangSouth Korea has introduced life imprisonment for cryptocurrency crimes, targeting offences like price manipulation and insider trading. The new law aims to safeguard digital asset investors and ensure market integrity within the cryptocurrency industry.
JoySouth Korea plans to impose restrictions on cryptocurrency users, preventing them from engaging in trading activities on foreign exchanges.
ZoeySouth Korea Excludes Non-Custodial Virtual Asset Wallets from Overseas Financial Account Declarations
AlexSouth Korean MPs' $100 Million Crypto Trades Uncovered; New Disclosure Rules Set for 2024
AlexSouth Korea enforces a mandatory disclosure of cryptocurrency holdings for politicians, promoting transparency in the financial portfolios of public figures.
Hui XinMajor exchanges are already preparing to meet the new requirements.
ClementThe Cheongju administration is collaborating with seven prominent South Korean crypto exchanges, such as Upbit and Bithumb.
BrianSouth Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines.
CointelegraphCompliance with the rules gives South Korea a head start in regulating virtual assets, but could hurt the domestic industry with excessive transfer restrictions between exchanges.
Cointelegraph