Regulatory Drama: Why Postponed Its Big Move Into Korea Days Before Launch

Bloomberg, Crypto, crypto exchange, Crypto News, Crypto regulation,, South Korea, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Regulatory Hurdles And Strategic […]

Do Kwon To Be Released From Prison But Remanded To Montenegro – Details

Do Kwon, Montenegro, SEC, South Korea, Terra, Terra ecosystem, Terraform

Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country.  Do Kwon Serves Time In Montenegro, Awaits Extradition Decision In March 2023, Do Kwon, alongside […]

Regulatory Storm Brewing: OKX Faces Probe In South Korea Over Alleged Crypto Violations

bitcoin ETF, Crypto, Crypto News, OKX, OKX crypto exchange, South Korea, South Korea authorities, South Korea crypto, US SEC

OKX, a major player in the global crypto trading market, is currently facing scrutiny in South Korea. The Digital Asset Exchange Alliance (DAXA), which includes South Korea’s leading 5 crypto exchanges – Upbit, Bithumb, Korbit, Coinone, and Gopax, has formally complained to OKX with local regulatory bodies. The complaint alleges that OKX has engaged in […]

Cross-Border Drama: Do Kwon To Be Extradited By Montenegro

Crypto, Crypto News, Do Kwon, LUNA, LUNC, LUNCUSDT, South Korea, Terra

The Do Kwon, founder of failed crypto ecosystem Terra, saga is just getting started as a court in Montenegro recently approved his extradition. The founder could face justice in his home country and the courts of the United States.  Multi-Country Legal Battle: Montenegro To Surrender Do Kwon? The High Court in Podgorica, Montenegro, has confirmed […]

100,000 Koreans To Test New Digital Won In Pilot CBDC Program

Bitcoin, btc, BTCUSDT, CBDC, crypto exchange, Crypto News, Digital Won, South Korea

Over the past two years, the Asian region has been racing to launch Central Bank Digital Currencies (CBDC), and the Digital Won is the latest to enter a critical stage, per a recent report. Bank of Korea Partners with Financial Authorities For Digital Currency Trial In an effort to embrace digital currency, South Korea is […]

In South Korea, XRP Is King: What’s Behind This Shift?

Bitcoin, bitcoin price, btc, BTCUSDT, coinbase, ripple, SEC, South Korea, Upbit, XRP, XRP price, XRPUSDT

In South Korea, XRP, the native currency of the XRP Ledger (XRPL), is king, not Bitcoin (BTC). According to Kaiko’s research, trading is concentrated chiefly on XRP, which stays ahead of Bitcoin, Ethereum (ETH0, Solana (SOL), and other altcoins, including Dogecoin (DOGE) and Bitcoin Cash (BCH). This data is based on information drawn from Upbit, one […]

Crypto Crackdown: South Korea Targets OTC Market Amid Multi-Billion Scandals

Crypto, crypto crackdown, Crypto regulation, OTC Market, South Korea

In light of a surge in illicit activities associated with the over-the-counter (OTC) crypto trading market, South Korea is increasing its regulatory scrutiny. Financial regulators in this tech-forward nation are actively delving into the largely unregulated domain of OTC crypto trading in the Asian country. The report claims a sense of urgency to establish concrete […]