South Korea’s Financial Regulator Launches System To Monitor Crypto Fraud in Real Time

South Korea’s Financial Regulator Launches System To Monitor Crypto Fraud in Real Time

The regulator overseeing South Korea’s financial institutions is unveiling a new surveillance system for illicit crypto activities as the nation prepares to enforce its first digital asset user protection law. In a... Read more »
Bitget, Venom Look For Entry In India, Taurus Partners With Zand For UAE, South Korea Intensifies Crypto Scrutiny –

Bitget, Venom Look For Entry In India, Taurus Partners With Zand For UAE, South Korea Intensifies Crypto Scrutiny –

This week’s crypto round-up highlights the dynamic and rapidly evolving nature of the cryptocurrency industry in Asia. Bitget In Active Discussions For India License Popular crypto exchange Bitget actively pursues regulatory compliance... Read more »
South Korean crypto exchanges initiate token review

South Korean crypto exchanges initiate token review

A consortium of 20 South Korean cryptocurrency exchanges has launched a six-month review of 1,333 digital assets to address concerns about potential mass delistings under new regulations. The Digital Asset Exchange Alliance... Read more »
Fire at Fire at South Korean Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage

Fire at Fire at South Korean Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage

Arslan Butt Index & Commodity Analyst Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active... Read more »
South Korea To Launch Blockchain Support Program; DTX Exchange May Outpace Altcoins Like Polygon and Ripple

South Korea To Launch Blockchain Support Program; DTX Exchange May Outpace Altcoins Like Polygon and Ripple

One of the most promising altcoins is DTX Exchange (DTX). Early buyers have received 100% ROI already. Also, its ongoing presale has raised over $700K and is expected to exceed $1M before... Read more »
New South Korean law requires exchanges to regularly review token listings

New South Korean law requires exchanges to regularly review token listings

The South Korean financial regulator, the Financial Service Commission (FSC), has notified 29 registered crypto exchanges, including Upbit, Bithumb, Coinone, Korbit and Gopax, to regularly evaluate the tokens listed on their exchanges... Read more »
OkayCoin launches crypto staking services in South Korea

OkayCoin launches crypto staking services in South Korea

OkayCoin, a cryptocurrency exchange, has officially launched in South Korea. According to a June 15 press release, the move aims to cater to the growing demand for crypto staking services across the... Read more »
70% Crypto Exchanges in South Korea Fail to Refund Investors on Shutdown

70% Crypto Exchanges in South Korea Fail to Refund Investors on Shutdown

South Korea mandates stricter compliance by July 2024 to protect investors from exchange failures. In a startling reve­lation, seven out of ten crypto exchanges in South Korea have­ failed to return investors’... Read more »
South Korean Police Swoop on ‘Fake Crypto Mining’ Scam Ring

South Korean Police Swoop on ‘Fake Crypto Mining’ Scam Ring

Last updated: June 4, 2024 23:00 EDT | 2 min read South Korean police have raided a suspected “fake crypto mining” operation that pretended to offer investors profits from mining Cardano (ADA)... Read more »

North Korean hackers are using new malware to attack South Korean crypto exchanges: Durian Malware 

North Korea’s state-backed hacking group utilising a new malware called “Durian” to attack the top South Korean crypto platforms.  North Korea likes using cryptocurrency because it helps them get around sanctions and... Read more »