South Korea has arrested 25 individuals linked to coordinated fake cryptocurrency investment scams targeting retail investors. The arrests were made in Jeju, where authorities uncovered four interconnected fraud rings. These groups operated under the appearance of legitimate investment firms, using call centers to pose as crypto advisors. Their tactics included
The Democratic Party of South Korea revealed a Digital Asset Committee on May 13. The Committee will be dedicated to bringing crypto regulation directly to the office of the next president. On the same day, the committee held its first meeting at the National Assembly Members’ Hall in Seoul. Also,
South Korea’s governing People Power Party (PPP) has unveiled a progressive digital asset agenda in preparation for the pivotal June 3 snap election. The party promised to legalise spot crypto ETFs and scrap the inhibitive “one exchange, one bank” rule as part of efforts to bring the country’s cryptocurrency industry
The market capitalization of cryptocurrency in South Korea has exceeded 100 trillion won or $74.8 billion. With these numbers, the daily transaction volumes of crypto have now surpassed the nation’s stock markets. Due to this, everyone in the nation is concerned about excessive speculative trading, as a report suggests that
The US and South Korea will have trade talks in Washington this week. At the request of the US. South Korea’s Trade Minister Ahn Duk-geun and Finance Minister Choi Sang-mok will talk with US Trade Representative Jamieson Greer. And Treasury Secretary Scott Bessent on the sidelines of IMF and World
Trump’s pro-crypto administration in the US is inspiring other government officials across global countries to regulate and adopt the crypto industry. South Korea presidential candidate Hong Joon-pyo made a vow to push crypto in the country, similar to how Trump did in the US. South Korean local media news outlet
Crypto regulatory bodies are becoming more alert across the world. They are not only focused on creating a regulatory framework, but also on restricting unregistered applications to protect their citizens. South Korea banned several crypto exchanges from Apple and Google Stores that don’t have a license to operate in the
Crypto community members have been watching the dispute between Justin Sun and Hong Kong financial institution, FDT. On the other hand, market prices have shown minimum movements in the last 24 hours. A recent report of surging crypto crimes have unsettled waves in the community. On turning to the regulatory
Scam Took Investors’ Money A South Korean court has sentenced three people to prison for crypto scam investors out of 610 million won (about $460,000). They tricked people by promising big profits from cryptocurrency investments. According to Chosun Ilbo, the Busan District Court, led by Judge Kim Yong-gyun, announced the
Cryptocurrency has become the talk of the town in the past few months. While prices have lost their peak, the same cannot be said for other sectors. For instance, the US spot ETF sector has shown a significant boom over the past few days. Several altcoins are anticipated to see
