South Korea joins global crackdown on Telegram, cites deepfakes

South Korea has joined the growing list of global jurisdictions launching probes against Telegram over illicit content dissemination.

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South Korea fines Worldcoin for violating personal protection laws

Despite the regulatory hurdles, the projects WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.

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South Korean foundation to recover funds from defunct crypto exchanges

The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.

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Upbit to store user data on AWS: What users should know

Upbits privacy policy update involves transferring user data to AWS servers in the US for improved service reliability and compliance with local regulations.

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Blockchain adoption in Asia Pacific will expand into SMEs Blockdaemon

Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain. 

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Montenegrin court delays Do Kwons extradition to South Korea

The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States.

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Seoul Police Arrest 14 in $12.8 Million Crypto Mining Fraud: Report

The scam instigator evaded capture for months with the help of his lawyer's office manager, who arranged plastic surgery and a fake phone.

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South Korean crypto CEO stabbed in court during Haru Invest fraud trial

The courtroom stabbing comes weeks after a Chinese gang robbed over $2 million worth of crypto at gunpoint in a luxury estate in Thailand. 

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Terra Fraudster Do Kwon To Be Extradited To South Korea As Appellate Court Rejects US Request

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South Korean Pension Fund Buys $34 Million in MicroStrategy Shares

South Korea's National Pension Service bought $34 million of MicroStrategy stock, gaining indirect exposure to Bitcoin. The pension fund joins others using MicroStrategy as a proxy for Bitcoin investing.

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Montenegro Court Rules to Finally Extradite Do Kwon to South Korea

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South Korea Defeats United States In Do Kwon Extradition Battle

A months-long legal back and forth will seemingly lead to Kwons extradition to his home country,

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South Korea to tighten crypto exchange oversight with new monitoring system

South Korea’s Financial Supervisory Service (FSS) plans to tighten oversight of crypto trading platforms under its jurisdiction to eliminate fraudulent transactions. In a July 4 notice, the regulator announced that local exchanges must establish a “continuous monitoring system for unfair transactions” and report “abnormal transactions” via a dedicated transmission line. According to the notice: “To […]

The post South Korea to tighten crypto exchange oversight with new monitoring system appeared first on CryptoSlate.

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South Korea Implements Monitoring System for Crypto Transactions

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South Korean government to launch crypto transaction monitoring system

Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions.

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South Korea's strict laws on crypto exchanges come into force

The new regulations issued by South Koreas watchdog to protect user assets on crypto exchanges went into effect on July 19.

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S.Koreas Cryptocurrency Tax Delays Open Opportunities for Threats: 2028 Target Date Eyed

In the world of cryptocurrency, delays in taxation have put the entire system at risk. Originally set for October 2021, the tax law passed during the Moon Jae-in administration was first postponed to January 2023, then again to January 2025 under Yoon Seok-yeol. Concerns over investor burden and market confusion were the reasons given each […]

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South Koreas ruling party proposes delaying crypto tax to 2028

If the new proposal is approved, implementing the countrys crypto gains tax will be delayed by nearly seven years from its original schedule.

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South Korea moves to delay crypto tax until 2028 amid market concerns

South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension. They stated: “With investment sentiment toward virtual assets deteriorating, some argue that hasty […]

The post South Korea moves to delay crypto tax until 2028 amid market concerns appeared first on CryptoSlate.

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Binance finalizes sale of majority stake in Gopax: Report

Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.

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