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” South Korean regulator provides guidance on security tokens “ South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country. In a press release, the Financial Services Commission (FSC) highlighted that digital assets that fit the characteristics laid out in the country’s Capital Markets…
” Binance re-enters South Korea with GOPAX exchange “ Major cryptocurrency exchange Binance is coming back to South Korea with a new acquisition of the local crypto trading platform Gopax. Binance has acquired a majority stake in the troubled crypto exchange Gopax, re-entering South Korea after exiting the market two years ago, Bloomberg reported on…
” Bithumb owner arrested in South Korea over alleged embezzlement “ The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested on alleged embezzlement charges on Feb. 2 local time. According to local media reports, Kang Jong-hyun was arrested on charges of alleged embezzlement. The Seoul Southern District Court issued an…
” Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30 “ Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey….
” South Korea to deploy cryptocurrency tracking system in 2023 “ The Ministry of Justice in South Korea announced plans to introduce a crypto tracking system to counter money laundering initiatives and recover funds linked to criminal activities. The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions…
” South Korean prosecutors request arrest warrant for Bithumb owner: Report “ According to local news outlet Infomax, South Korean prosecutors requested an arrest warrant on Jan. 25 for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb. Kang is wanted on allegations of embezzlement related to his activities at the exchange. The same day,…
” Binance Charity to provide over 30K Web3 scholarships in 2023 “ The philanthropic arm of Binance — Binance Charity — is set to fund 30,655 scholarships to students keen on forging out a career in Web3 in 2023. The Binance Charity Scholar Program (BCSP) will provide free Web3 education and training courses which will…
” City of Busan to establish digital assets exchange: Report “ According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets. “Taking advantage of the strengths of Busan, such…
Netflix Adds 11 Titles to Sprawling 2023 Korean Content Slate Netflix unveiled its biggest-ever annual slate of Korean films and series on Tuesday, while stating that over 60 percent of its global subscribers watched Korean content in 2022. The company showcased 34 titles in its 2023 slate announcement, including 11 previously unknown projects. The 2023…
” Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution “ The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program. The Commodity Futures Trading Commission started the process of getting a default judgment…