South Korea Passes Crypto Bill for User Protection
The bill marks the country's first step towards a digital asset legal framework. Source
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Korea
South Korea enacts comprehensive laws to protect crypto users
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korea’s National Assembly has officially approved new legislation to safeguard users of virtual assets and amend the country’s capital market law. It prohibits unjust trading practices and provides user protection. The “Capital Market and Financial
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South Korea Passes First Independent Crypto Bill to Strengthen Investor Protection
As per the VAUP legislation, the Financial Services Commission (FSC) will get the authority to oversee crypto operators as well as crypto custodians. South Korea has now implemented the first independent bill for digital assets in order to boost investor protection in the region. The development comes one year after
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Bitcoin Cash Surges to Over 1-Year High amid Rising Trading Volume in South Korea
Since BCH became one of the four cryptocurrencies traded on EDX, its price has continued to rise. In the last 24 hours, the crypto has spiked more than 30%, reaching $325 for the first time since April 2022. Bitcoin Cash (BCH) is experiencing a major increase in price and trading volume
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South Korea passes cryptocurrency bill to tackle unfair trading
South Korea’s government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill.On June 30, the National Assembly passed the Virtual Asset User Protection legislation. The bill is designed to regulate unfair trade practices and protect crypto investors, the local
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Do Kwon to Remain in Jail While Montenegro Courts Consider South Korea Extradition: Report
In March, the South Korean national was arrested in Montenegro over the alleged possession of falsified documents along with fellow Terra executive Han Chang-Joon. South Korean officials were already searching for Kwon, and following his arrest, the country requested Kwon's extradition, as did the U.S. Kwon also faces possible jail
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Do Kwon to face multiple jail terms in South Korea and US
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The chief prosecutor in South Korea, leading the case against Terraform Labs CEO Do Kwon, indicated that he might face multiple terms in his home country and the United States. Kwon was recently granted a bail petition
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Do Kwon could serve prison in both US and South Korea, prosecutor says
Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.It is understood that Kwon is currently serving house bail in Montenegro after having his bail proposal granted by a Montenegro court on
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South Korea Regulator Delays Binance Acquisition of Gopax Due to SEC Lawsuit
While Binance saw the acquisition of Gopax as a means of re-entering South Korea, it was also meant to be a turning point for the local trading platform. The SEC’s lawsuit against Binance has started affecting the company’s operations, particularly its acquisition of Gopax in South Korea. The US Securities and
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SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea
The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance could damage the crypto exchange’s business opportunities in South Korea.A report published in a South Korean daily suggests that the Financial Service Committee (FSC) — the country’s financial watchdog — is reviewing Binance’s acquisition of local crypto trading platform Gopax.
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