Upbit Enforces Cap on Crypto Transactions Over 1M Won

Upbit will stop accepting deposits and withdrawals of digital assets worth more than 1 million Korean won ($721).

Upbit will stop accepting deposits and withdrawals of digital assets worth more than 1 million Korean won ($721).

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Key Takeaways South Korea is gearing up for parliamentary elections, with political parties strategically appealing to voters, particularly the youth interested in cryptocurrencies. The Democratic Party promises to remove restrictions on both domestic and international exchange-traded funds (ETFs) holding crypto…

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Two con artists who fooled an elderly citizen out of 5.5 billion won ($4.1 million) by promising lucrative cryptocurrency investments have been apprehended by South Korean authorities.

Do Kwon cannot be extradited to his home country of South Korea just yet, so the Supreme Court of Montenegro can consider the prosecutors' request.

Due to a challenge from Montenegrin prosecutors that might take the case to the country's Supreme Court, Do Kwon may not be extradited to South Korea to face criminal charges.

Do Kwon, a co-founder of Terraform Labs, filed an appeal that would have prevented his extradition to South Korea, but a Montenegrin court denied it.

The recent verdict by the Montenegrin high court, which ordered the extradition of Do Kwon from Terraform Labs to South Korea, will be challenged by US authorities.

The ongoing story of Do Kwon is that a Montenegrin court has once again overturned an earlier ruling that called for the executive's extradition to the US.