Korea

Indian-based cryptocurrency exchange WazirX recently fell victim to a significant security breach, resulting in the unauthorized transfer of over $230 million of assets. The incident led to the temporary suspension of withdrawals as…

South Korea's right-wing political party has proposed delaying the taxation of cryptocurrency gains by three years. If the proposal is approved, the implementation of the crypto gains tax will be postponed from the beginning of…

According to a Sunday report by the Korea Times, South Korean cryptocurrency exchanges are set to reassess the listing status of roughly 600 cryptocurrencies.As part of the reevaluation process, the exchanges are supposed to task their…

OkayCoin, a cryptocurrency exchange, has officially launched in South Korea. According to a June 15 press release, the move aims to cater to the growing demand for crypto staking services across the region.  The team also claims the…

According to confidential findings by United Nations sanctions monitors and reported by Reuters, North Korea funneled $147.5 million through the Tornado Cash virtual currency platform…

A report from United Nations sanctions monitors reveals that North Korea allegedly laundered $147.5 million stolen from a cryptocurrency exchange through the Tornado Cash platform in March. This laundering activity is just another case…

South Korean politicians are calling on public officials to stop joining crypto companies for bigger pay cheques as exchanges race to bolster compliance divisions.Rising numbers of financial regulators and police officers are…

Virtual asset investment became hot among South Koreans in 2021. The daily trade volume of cryptocurrencies exceeded that of the stock market several times, and more than 40% of younger Koreans in their 20s and 30s have invested in…

Digital Asset Exchange Alliance, a working group consisting of South Korea’s top five cryptocurrency exchanges, told The Block Wednesday that it has reported global crypto trading platform OKX to the local authorities for allegedly…