South Korea

Billion-dollar bombshell: Do Kwon and Terraform Labs embroiled in $4.5 billion SEC penalty! Explosive new evidence suggests a shocking conspiracy behind the catastrophic collapse of Terra, LUNA, and UST. Could Do Kwon and Daniel Shin orchestrate the fall of Terra from the beginning?

Since November, South Korea has intensified its crackdown on illegal short selling by institutional investors, uncovering widespread malpractices among global banks. South Korea intends to extend the short-selling ban until Q1 of 2025.

South Korea's tightening regulations on NFTs and ongoing debates over crypto taxes reflect its cautious approach to nurturing the crypto industry while mitigating risks. However, its lag in spot crypto ETFs may hinder growth, though signs of progress, like the FSC's initiatives, offer hope for navigating this complex landscape.

Taiwan has been criticized as a "fraud kingdom" due to rampant fraud. Some believe that Taiwan's criminal penalties for fraud are too lenient, making the cost of crime too low for fraudsters. This article compares the severity of fraud penalties in Taiwan, China, Japan, and South Korea.

The Virtual Asset User Protection Act of South Korea will take effect on July 19. Among its provisions, one law mandates that banks entrusted by cryptocurrency exchanges must pay interest on crypto deposits. This law significantly impacts K-Bank, the digital bank entrusted by Upbit, the largest exchange in South Korea.

South Korean crackdown on Cardano (ADA) mining fraud: 13 arrests, $518k deceived. Dark web connections exploited, gang affiliations revealed. Assets frozen, victims supported amid surge in crypto scams.

South Korea faces pressure to approve crypto ETFs following US SEC's Ethereum ETF approval, amid growing interest in cryptocurrencies. The country's cautious stance contrasts with its vibrant crypto market, driven by increasing investor participation and altcoin trading preferences.

South Korean crypto users targeted by Ethereum-themed scam, prompting community alerts. Fraudsters employ phishing tactics, posing as Bit-Finance exchange, threatening ETH holders. Authorities combat rising cybercrime, urging vigilance.

The National Tax Service of South Korea cracks down on tax evasion, seizing and liquidating over $800,000 in cryptocurrency assets from high-value offenders. Rigorous enforcement efforts underscore commitment to tax justice.

The police in Panshi, Jilin, China, have cracked down on an illegal underground banking case involving virtual currency, with the amount involved exceeding 2.14 billion yuan.