Tue, November 12

South Korea Files Arrest Warrant for Former Associates of Do Kwon

Do Kwon, the co-founder, and CEO of Terraform Labs, is still being sought, but South Korean officials have expanded their inquiries to include additional Terra executives. An arrest warrant was filed by the prosecution for co-founder Daniel Shin and seven more engineers and investors of the company because they may

November 30, 2022 1 min read

Leading South Korean Exchanges Announces Delisting of WEMIX Token

The WEMIX token, used on the WEMIX gaming platform, has been delisted from many major South Korean cryptocurrency exchanges. The cryptocurrency venture recently disclosed that it was receiving funding from corporations including software giant Microsoft. Furthermore, the token’s delisting date was declared by the Digital Asset Exchange Joint Consultative Body,

November 25, 2022 1 min read

South Korea Is Delving Into Crypto Exchanges to List Native Tokens

The investigation into cryptocurrency exchanges concerning the listing of their internally-issued tokens has been launched by the Korea Financial Intelligence Unit (KoFIU), South Korea’s authority on financial matters.  A price drop in its token, FTX Token, led to the bankruptcy filing of the cryptocurrency exchange FTX and its 130 associate

November 21, 2022 1 min read

Do Kwon Flees Singapore for Dubai as Terra Investors Pursue Him

As per South Korean authorities, Do Kwon left Singapore last month for Dubai. 4,400 former Terra investors started searching for Kwon, following the actions taken by South Korea. Do Kwon, the CEO of Terraform Labs, left Singapore last month for Dubai, claimed by the South Korean authorities. According to the

October 20, 2022 2 mins read

South Korea to Implement Blockchain-Based Digital Identity System

South Korea is planning to replace ID cards with a blockchain-based digital identity system. Digital IDs may be available by 2024, across the country. South Korea to make comprehensive utilization of the blockchain industry in various sectors. According to a recent report from Bloomberg, the South Korean government is planning to

October 17, 2022 1 min read

Terra’s Do Kwon Has Been Issued a Red Notice by Interpol

Interpol demanded the law enforcement agencies find and detain Do Kwon. According to authorities, Kwon is accused of defrauding investors’ money in the country. The arrest of Terraform Labs founder Do Kwon has been demanded by regulators globally. Now, the South Korean authorities have said that the International Criminal Police

September 26, 2022 2 mins read

Fresh Investigation Into Terra (LUNA) Launched by South Korea

The prosecutors are looking into the collapse of LUNA (now LUNC) and UST (now USTC). The judgement by prosecutors would aid legislators in the next crypto legislation. Prosecutors in South Korea have initiated a fresh probe and evaluation of Terra tokens to determine whether or not they qualify as securities.

September 13, 2022 2 mins read

South Korea Reportedly Planning To Remove Crypto ICO Ban

The government of the nation had outlawed ICOs in the crypto sector.  The BOK emphasized the need for industry oversight. To achieve a balance between promoting innovation and guaranteeing proper consumer protection measures, South Korea is actively examining its regulatory movements in the crypto market. The government of the nation

August 30, 2022 2 mins read

South Korea Levies Significant Gift Tax on Crypto Air Drops

Free transfer of assets is considered a “gift” under the Inheritance and Gift Tax Act. In South Korea, a gift tax must be paid on any asset with a monetary value. A new gift tax on airdrops for crypto assets is reportedly being considered by the Ministry of Strategy and

August 22, 2022 2 mins read