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South Korea

South Korea’s Ruling Party Seeks Cryptocurrency Tax Delay as Election Promise

The ruling People Power Party in South Korea is pushing for a two-year delay in the taxation of profits from cryptocurrency investments. This proposal is viewed as a possible pledge...
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South Korean Regulators Turn up Heat on ‘Gangnam Style’ PSY’s NFT Concert Ticket Sales

The performer behind the hit song “Gangnam Style,” PSY, might potentially encounter regulatory issues regarding NFTs in his home country of South Korea. According to Biz World, PSY’s entertainment company,...
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South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit

Somesing, a well-known social karaoke platform in South Korea that operates on the blockchain, has suffered a significant security breach, resulting in the loss of approximately $11.58 million in value....
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South Korean ‘Bogus Crypto Exchange’ Fraudster Jailed

A South Korean court has sentenced an individual, identified as “A” for legal reasons, to four years in prison for their involvement in a fraudulent cryptocurrency exchange scheme. The court...
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South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval

The Presidential Office of South Korea has put forth a proposal to revisit the approval of a domestic spot Bitcoin exchange-traded fund (ETF). Sung Tae-yoon, the Chief of Staff for...
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‘No South Korea Bitcoin ETF Approval Before Elections,’ Say Experts

South Korean regulators are expected to delay approval for a domestic Bitcoin spot ETF until after the nation’s upcoming general elections, according to insiders. Anonymous financial industry sources anticipate that...
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Two South Korean Brokerages Pause Transactions of Foreign Spot Bitcoin ETFs

Two major South Korean securities companies have suspended their foreign spot Bitcoin ETF transaction services. In response to an announcement from South Korea’s Financial Services Commission, the nation’s primary financial...
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Police Catch South Korea’s ‘$3.5m Nursing Care Fund Crypto Thief’

Police in the Philippines have apprehended a 44-year-old South Korean man suspected of misappropriating approximately $3.5 million from a nursing care fund and diverting the funds into cryptocurrency. The individual,...
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South Korean Agencies Investigate $82M Orbit Bridge Hack After Reports of Lazarus Group’s Involvement

Just before New Year’s Eve, Orbit Bridge, the primary bridge for the Claytont ecosystem, fell victim to an exploitation resulting in losses of nearly $82 million. South Korean authorities from...
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South Korea Proposes Ban on Crypto Purchases with Credit Cards

South Korea’s Financial Services Commission (FSC) has put forth a proposal to amend its Enforcement Decree of the Credit-Specialized Financial Business Act, with the intention of prohibiting cryptocurrency purchases using...
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin30,725 0.01 % 1.07 % 0.13 %
Ethereum3,720.9 0.45 % 7.19 % 15.52 %
Tether1.001 0.05 % 0.04 % 0.09 %
BNB424.52 0.06 % 2.35 % 6.43 %
XRP0.5310 0.57 % 3.91 % 8.19 %

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