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South Korea Police Raid a Crypto Exchange Allegedly Involved in a $214m Multi-Level Marketing Fraud

South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud

Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The...
South Korean Ruling Party Contemplates to Postpone Crypto Tax Timing in a Bid to Regain Younger Votes

South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger...

South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters...
South Koreans File Online Petitions to Ask Financial Watchdog Chief's Removal After Harsh Crypto Comments

South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto...

As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory...
All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Crypto Regulation in South Korea, Regulator Warns

All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea,...

The chairman of South Korea's top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in...
South Korea's Bitcoin 'Kimchi Premium' Reappears, Korbit and Bithumb Exchange Volumes Spike

South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike

During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with...
Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea

Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South...

The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors...
Former Employees From Major South Korean Companies Quit From Their Jobs After Pocketing Millionaire Profits in Crypto

Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in...

South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild...
South Korean Government Seeks to Regulate International Remittances Related to Crypto 'Kimchi Premium'

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s...
Crypto Fraud Reports in South Korea Surged Over 41% in 2020, Says Financial Watchdog

Crypto Fraud Reports in South Korea Surged Over 41% in 2020, Says Financial Watchdog

Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest...
South Korean City Threatens to Seize Cryptos From Tax Evaders

South Korean City Threatens to Seize Cryptos From Tax Evaders

Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean...