Korean Politician To Sell Crypto Assets Amid Public Criticism
Kim Nam-kuk, a lawyer and politician from South Korea, will apparently liquidate his bitcoin holdings due to a conflict of interest with his holdings.
Tag south korea
South Korea’s Upbit Under Regulatory Watch Over Market Monopoly Concerns
Key Takeaways On October 10, during a National Assembly audit, South Korean lawmaker Lee Kang-il expressed concerns about the overwhelming market dominance of Upbit, the country’s largest cryptocurrency exchange, and its close partnership with K-Bank, an internet-only bank. Lee warned…
South Korea Considers Stablecoin Regulations for Cross-Border Transactions
Key Takeaways The South Korean Ministry of Economy and Finance is evaluating new measures to regulate cross-border transactions involving stablecoins and other virtual assets. The ministry highlighted that while stablecoins are currently used mainly within the cryptocurrency ecosystem, they could…
CoinCodeCap WeekInFocus: August 4, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
South Korean Crypto Exchanges Hit with Surprise Supervisory Fees
Major crypto operators like Upbit, Bithumb, and Coinone will now have to pay a supervisory charge as part of the recently imposed Virtual Asset User Protection Act in South Korea.
CoinCodeCap WeekInFocus: July 21, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
South Korea’s Virtual Asset User Protection Act Comes Into Effect
Key Takeaways South Korea has rolled out its first comprehensive crypto regulatory framework, the Virtual Asset User Protection Act (VAUPA). This legislation, prompted by the Terra-Luna and FTX collapses in 2022, aims to ensure safety nets for cryptocurrency investors and…
Crypto Investment Firm Hashed Ventures to Open Office in Abu Dhabi
Key Takeaways Seoul-based crypto investment firm Hashed Ventures is expanding its footprint by partnering with Abu Dhabi’s global tech ecosystem, Hub71. This strategic move aims to tap into the burgeoning opportunities in the United Arab Emirates (UAE) and support the…
CoinCodeCap WeekInFocus: June 16, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
South Korea to View Certain NFTs as Crypto Under New Guidelines
Key Takeaways South Korea’s financial regulator, the Financial Services Commission (FSC), has issued guidelines to clarify how non-fungible tokens (NFTs) will be regulated under the country’s upcoming crypto laws. The new guidelines differentiate between various types of NFTs. NFTs with…
