South Korea Dismisses Establishing Strategic Bitcoin Reserve
The Bank of Korea (BOK) has dismissed the possibility of establishing a strategic bitcoin reserve, citing concerns over price volatility and risks. This comes despite...
Category : Korea
South Korea Targets Crypto Price Manipulation in First Action Under New Act
A South Korean individual has been suspected of manipulating virtual asset prices through rapid buy orders, creating false market activity, and profiting......
South Korea to Tighten Stablecoin Regulations With New Forex Rules
South Korea’s Ministry of Strategy and Finance announced on October 8 that it is reviewing measures to regulate stablecoins more strictly. This decision comes amidst...
This is How N. Korea is ‘Aggressively’ Attacking the Crypto Industry, According to the FBI
The United States Federal Bureau of Investigation (FBI) has issued a paper alerting the public of “aggressive” attacks from North Korean hackers against the crypto...
North Korea Cyberattacks Account for 50% Foreign Currency Earnings, $3B Stolen in Crypto
The United Nations (UN) Security Council has released a report showing North Korea earns 50% of its foreign exchange earnings from cyberattacks. The council is...
South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off
In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several...
South Korea Reportedly Pushes for 2-Year Postponement on Crypto Taxation
South Korea’s ruling People Power Party is reportedly advocating for a further two-year taxation postponement on cryptocurrency investment gains, which appears to be part of...
Korea Blockchain Week 2024: A Gateway to Blockchain’s Future
[PRESS RELEASE – Seoul, Korea, February 8th, 2024] For the 7th year, Korea Blockchain Week 2024 (KBW2024), founded and hosted by FACTBLOCK and co-hosted by...
South Korea to Launch Digital Currency Pilot Program in 2024
In a move to modernize its financial infrastructure, South Korea is set to embark on a pioneering project involving digital currency. Commencing in the fourth...