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korea

CDCROP: South Korea Flag (Jacek Malipan/EyeEm/Getty)
South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says
The Bank of Korea says companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.
CDCROP: South Korea Flag (Jacek Malipan/EyeEm/Getty)

Night View Of Busan City
Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry
Binance will provide services and education to support the city's blockchain development.
Night View Of Busan City

Seoul, South Korea. (Ciaran O'Brien/Unsplash)
Ex-S. Korean Finance Minister Yong-Beom Kim Appointed as CEO of Hashed Open Research
The research arm of crypto venture capital fund Hashed is looking to bridge the gap between the blockchain industry and the South Korean government.
Seoul, South Korea. (Ciaran O'Brien/Unsplash)

Markets Daily Podcast Cover
Crypto News Roundup for Aug. 23, 2022
With the total crypto market capitalization falling below the $1 trillion mark, plus the taboo topic at South Korea’s Blockchain Week, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

Seoul, South Korea. (Ciaran O'Brien/Unsplash)
Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report
Authorities in the country have trending towards strict oversight since the terraUSD collapse.
Seoul, South Korea. (Ciaran O'Brien/Unsplash)

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South Korea Plans to Tax Crypto Airdrop Recipients: Report
The government said crypto airdrops count as gifts under tax legislation.
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CDCROP: South Korea Flag (Jacek Malipan/EyeEm/Getty)
South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration
Crypto exchanges KuCoin and Poloniex are among the foreign firms accused of conducting "illegal business activities" without proper registration, and could face fines or imprisonment.
CDCROP: South Korea Flag (Jacek Malipan/EyeEm/Getty)

According to former employees, "Terra" was the unofficial beer of Terraform Labs.  (Sam Kessler/CoinDesk)
'Don't Say Terra' and Other Reflections From Korea's Crypto Extravaganza
A string of conferences in Seoul explored the future of DeFi, but the $40 billion blowup of a major Korean project was not on the agenda.
According to former employees, "Terra" was the unofficial beer of Terraform Labs.  (Sam Kessler/CoinDesk)

bull and bear (Getty)
First Mover Asia: Bitcoin Tests $25K Before Retreating; S. Korea Play-to-Earn Ban Unlikely to End Soon
The South Korean government has yet to show any sign of wanting to change current laws, said attendees at Korea Blockchain Week; ether falls.
bull and bear (Getty)

Simple Conceptual Image of Silver Handcuffs on Blue Surface
South Korea Arrests 3 in Multibillion-Dollar Crypto-Linked Probe: Report
Authorities are investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments, according to a local media outlet.
Simple Conceptual Image of Silver Handcuffs on Blue Surface