Tue, November 12

South Korea Cracks Down on Numerous Exchanges Over Regulations

The organization has identified 16 service providers. Local exchanges’ offices were raided last month as part of an inquiry. More than a dozen cryptocurrency exchanges risk losing clients in South Korea as officials crack down on international companies they allege are operating illegally in the country. According to a news

August 19, 2022 2 mins read

South Korea Marks a Significant Regulatory Milestone For Crypto.com

Virtual asset service provider will enable Crypto.com to offer custody and exchange services for digital assets. Crypto.com has more than 50 million users. The world’s fastest-growing cryptocurrency platform, Crypto.com announced today that it has acquired an Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea. By

August 8, 2022 2 mins read

Do Kwon Is Obliged To Enter South Korea: Country’s Prosecutors Commands

South Korea’s Ministry of Justice banned the officials of Terra from leaving the country. Do Kwon is issued notice to enter the country, who now lives in Singapore. The fall of UST initiated the bearish rally of the crypto market.  Following the Crashdown of Terra(LUNA), the entire market dipped down

July 27, 2022 2 mins read

Crypto Exchanges Raided in Connection With Terra Investigation

Exchanges, including Upbit, Bithumb, and Coinone, were the targets of raids. Around 200,000 South Korean investors are thought to have invested in TerraUSD and Luna. Shocking revelations from South Korea have been pouring in after the fall of Terra-Luna. On Wednesday, Korean prosecutors raided seven cryptocurrency exchanges to see whether

July 22, 2022 2 mins read

Korean Fintech Announces $380 Million Investment in Web3 Initiatives

10,000 new web3 jobs will be created as part of the company’s $380 million investment. According to the notification, local university graduates would be given precedence. Dunamu, an asset management, and fintech company plans to invest $380 million to generate over 10,000 new web3 jobs. Dunamu is a well-known South

July 13, 2022 1 min read

South Korea and U.S. Officials Collaborate to Investigate Terra Collapse

Several regulatory authorities from across the globe launched official investigations. Know Your Customer and Anti-Money Laundering rules are demanded. Several charges were brought against Terraform Labs and its co-founder, Do Kwon, after the collapse of the Terra ecosystem in May. As a result of the scandal, several regulatory authorities from

July 6, 2022 2 mins read

Terra Founder Do Kwon Facing Investigation on Tax Fraudulent

The Do Kwon fraudulent investigation began. Kwon was discovered to have stolen revenue by avoiding 50 billion won ($39 million) in taxes. Do Kwon is being investigated for tax fraud by the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team. The National Tax Service discovered that

June 16, 2022 1 min read

Prominent South Korean Exchanges Delists Litecoin (LTC)

Major South Korean exchanges delist Litecoin (LTC). Major concern towards the privacy features of the new MWEB upgrade. South Korea is extremely stringent towards the safety protocols after the Terra LUNA tragedy. The delisting and ban of Litecoin (LTC) was indeed highly evident more than two weeks back. Ever since,

June 8, 2022 2 mins read

MarketAcross Is an Official Media Partner of Korea Blockchain Week

MarketAcross, the world’s leading blockchain PR and marketing agency has been named the official global media partner for Asia’s flagship blockchain event, Korea Blockchain Week (KBW).  The event is held after two years break due to the COVID-19, between August 7 to 12, the  KBW22 will be placed in the

June 2, 2022 2 mins read

Do Kwon Approached Top Exchanges in Korea to List $LUNA 2.0

As a matter of fact, the crypto fever started earlier this month and the panic level raised among the entire crypto market. Being in this state, $LUNA – a popular crypto token which was waving its flag high, suddenly dropped down hitting to the lowest at $0. As soon as

May 25, 2022 2 mins read