Tag: Korea
Bank of Korea given right to investigate local crypto firms: Report
The central bank of South Korea has been given the green light to ramp up its scrutiny of cryptocurrency service operators and issuers amid further di [...]
The US has asked South Korea not to fill China shortfalls if Beijing bans Micron chips
The Financial Times (gated) has the story. Via an ungated Reuters summary of the FT piece:China's cyberspace regulator Cyberspace Administration of Ch [...]
Do Kwon’s Millions Are Not in South Korea, Prosecutors Say: Report
Prosecutors in South Korea – who confirmed the broadcaster's report to Forkast – estimate nine executives made a total of 414.5 billion won ($315 mill [...]
North Korea and criminals are using DeFi services for money laundering — US Treasury
A new report from the United States Treasury Department analyzing decentralized finance concluded that actors from the Democratic People’s Republic of [...]
U.S. Treasury Warns That DeFi Used by North Korea, Scammers to Launder Dirty Money
The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money launde [...]
US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister
Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited to their respective countries fo [...]
Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
“Primacy is given to the court proceedings led in Montenegro,” Kovac said, speaking through an interpreter. “If they are convicted for the criminal of [...]
North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows
The group is "moderately sophisticated" and supports the strategic and nuclear objectives of the North Korean regime, according to Mandiant. It uses t [...]
North Korea says it fired two ‘strategic cruise missiles’ from a submarine on Sunday
Kim Jong Un is not happy everyone is paying to attention to SVB developments and not him.North Korean state media have issued an announcement that it [...]
South Korea launches Metaverse Fund to expedite domestic initiatives
While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on th [...]
South Korea saw over $4B in unregistered crypto transactions in 2022
In 2022, the citizens of South Korea transacted $4.3 billion (5.6 trillion Korean won) through 'illegal' crypto exchanges, according to local sources. [...]
Brit who consulted North Korea on crypto reportedly detained in Moscow
The local bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ) in Moscow. He’s being alleged of con [...]
North Korea has fired another (what appears to be) ballistic missile
Japan's Coast Guard statement.says North Korea has fired what could be a ballistic missiletowards the Sea of Japan (AKA East Sea)the object has alread [...]
South Korea to examine crypto staking services following the Kraken case
As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed offi [...]
South Korea Blacklists North Korean Crypto Thieves, Flags Wallet Addresses
Under regulations, it's forbidden to trade crypto with a blacklisted entity without prior permission from South Korea's Financial Services Commission, [...]