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“North Korea launches 8 ballistic missiles – nuke may be next” North Korea launched eight ballistic missiles toward the sea Sunday as dictator Kim Jong Un tries to establish the country as a global military force with nuclear capabilities. The North fired off the missiles over 35 minutes near the capital of Pyongyang, South Korea’s…
” South Korea ramps up crypto investigations and regulations “ On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions. As reported…
” South Korean government becomes an early investor in metaverse “ South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects. The decision to invest in the nascent metaverse tech makes South Korea…
” In wake of Terra collapse, South Korea plans new crypto oversight committee: Report “ The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all. Amid signs that Terraform Labs co-founder…
” South Korean authorities reportedly probe staff behind Terra “ The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna (LUNC) and Terra USD (UST) tokens, by reportedly summoning subpoenas to employees. South Korean authorities have reportedly summoned all employees at Terraform Labs as part of…
” Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote “ The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risk is assessed. According to a local news report, this is because it is currently tough to safeguard investors due to the…
“North Korea fires suspected ICBM and 2 other missiles: South Korea” North Korea test-launched a suspected intercontinental ballistic missile and two shorter-range weapons into the sea Wednesday, South Korea said, hours after President Joe Biden ended a trip to Asia where he reaffirmed the U.S. commitment to defend its allies in the face of the…
” Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23 “ It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and claimed that the crypto…
” South Korean police request exchanges freeze LFG related funds “ Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard. On May 23rd, 2022, Korean authorities sent a request to the top crypto exchanges in the country to prevent funds from being…
” Litecoin confidential transactions spook Korean exchanges “ The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea’s largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday, advising investors…