40 out of 60 crypto exchange platforms in South Korea risk termination by the end of the month. The country’s regulator has ordered strict measures for both local and foreign…
Browsing: South Korea
South Korea has put in place new laws meant to curb money laundering and over-leveraging in crypto markets, taking effect in two months. However, crypto fans have held on to…
The Gen Z household debt to local banks has surged by 6x over the last year. Regulators noted that millennials and Gen Z are attracted to altcoins on expectations of…
Thirty-three persons have been arrested for money laundering and fraud-related offenses using cryptocurrency. According to the Seoul Central Customs, virtual transfers are done under the guise of study expenses, trade…
Daybit exchange has announced it’s shutting down, citing regulatory factors. Harsh regulations in South Korea have seen most of the smaller exchanges struggle, with only the ‘Big Four’ managing to…
South Korean city Gyeongju has threatened to seize the crypto stash of citizens evading tax by hiding their money in cryptocurrencies and under-reporting their holdings. City authorities note that there…