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Bithumb, a South Korean cryptocurrency exchange, is restructuring its operations by creating a dedicated M&A organization. This move coincides with the division of Bithumb Korea to concentrate on new ventures. Analysts speculate that this restructuring aims to enhance corporate value…
Legislation in the UK now permits swift freezing and seizure of cryptocurrencies linked to criminal activities. This measure aims to expedite the apprehension of cryptocurrency criminals by introducing a “fast-track” process for investigations. The UK Home Office has enacted a…
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned cryptocurrency wallet addresses tied to North Korean cybercrime, blocking access to U.S. assets. Binance, the largest cryptocurrency exchange, admitted to facilitating transactions with sanctioned entities, leading to a $4.3 billion…
Crypto.com has indefinitely postponed its launch in South Korea, just six days before its scheduled debut. This delay follows an emergency on-site inspection by financial authorities regarding its anti-money laundering measures. The company aims to provide clarification to Korean regulators…
In 2018, Coinone, a major South Korean cryptocurrency exchange, was hit with an other income tax by the National Tax Service, claiming the company didn’t withhold taxes on gains made by foreign users. However, the Seoul Administrative Court recently ruled…
South Korea’s won has surpassed the U.S. dollar as the top currency for global virtual currency trading, driven by a surge in speculative interest in cryptocurrencies. In the first quarter of this year, the won was traded more than the…
Korbit, a Korean cryptocurrency exchange, announced the relisting of Paycoin, a cryptocurrency previously removed from major South Korean exchanges. Paycoin’s return follows its removal due to regulatory issues last year. Korbit will allow trading of Paycoin starting from 0:00 a.m.…
The Democratic Party of Korea’s landslide victory in the 22nd general election has stirred up the cryptocurrency market. Promising to allow Bitcoin spot exchange-traded funds (ETFs), contrary to current financial regulations, the party’s win has fueled optimism in the virtual…
Bithumb Korea, the operator of the cryptocurrency exchange Bithumb, has delayed its planned management split initially set for June. This decision is attributed to the need to focus on preparations for the Virtual Asset User Protection Act, which comes into…
Crypto.Com, a global cryptocurrency platform, has introduced the Crypto.Com App in South Korea, enabling users to trade a selection of cryptocurrencies securely. The app offers access to over 150 cryptocurrencies, including exclusive NFT projects through Crypto.Com NFTs, along with user…
