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” Terra co-founder Do Kwon says he’s not ‘on the run’ “ Do Kwon, the co-founder of the Terra ecosystem, took to Twitter on Saturday asserting he’s “not ‘on the run’ or anything similar” after the Singapore Police Force (SPF) said Kwon wasn’t in the city-state. On Sept. 14, South Korean authorities issued an arrest…
” South Korean ministry recommends enactment of special Metaverse laws “ The Ministry of Science and ICT (MSIT) of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines for incentivizing the growth of the budding ecosystem. South Korea’s interest in…
” South Korean regulators to prepare guidelines for security tokens in 2022 “ Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization. Chief South Korean financial regulator, the Financial Services Commission (FSC), published the…
“South Korea braces for typhoon, businesses curb operations” SEOUL — South Korea raised its typhoon-alert to its highest level on Monday as approaching Typhoon Hinnamnor forced flight cancellations, the suspension of some business operations and the closure of schools. Heavy rain and strong wind pounded the south of the country as the typhoon approached from…
” Elon Musk-crypto video played on S. Korean govt’s hacked YouTube channel “ A YouTube channel owned by the government of South Korea was reportedly hacked and renamed SpaceX Invest, following which the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies. On Sept 3, the South Korean government’s YouTube channel was momentarily hacked and…
“Yoo Joo-eun, South Korean actor, leaves behind note before death” A South Korean actress who apparently committed suicide penned a heartbreaking note before her death — apologizing to her family and insisting she lived a “happy life that was more than I deserved,” a report said. Yoo Joo-eun died Monday at 27, her older brother…
” Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29 “ Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to…
” Crypto tax can wait, free coins can’t: S. Korea mulls ‘gift tax’ for airdrops “ The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a gift tax under the Inheritance and Gift Tax Act despite the postponement of…
” Korean police seize crypto for unpaid traffic fines in trial “ A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines. Gunpo, a city of about 275,000 in the northwestern Gyeonggi province was selected by…
” Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation “ Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him. According to…