North Korea Crypto Theft Hit Record High Last Year, UN Says: Reuters
The estimated value of stolen crypto asset ranges from $630 million to more than $1 billion. Original Source
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Korea
North Korea stole more crypto in 2022 than any other year: UN report
A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far.The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week. It found North Korean-linked hackers were responsible for between $630
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South Korea Issues Guidelines on Security Tokens
The government of South Korea is very open to crypto as an asset class. In advancing its reach to provide the much-needed regulation of the nascent crypto ecosystem, South Korea has issued a new guideline bordering on security tokens. In a Press Release published on Monday, the Financial Services Commission (FSC)
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South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms
Security tokens refer to the digitalization of securities under the Capital Markets Act using distributed ledger technology, according to the guidance, and will apply only to digital assets that qualify. The guidance clarifies that stablecoins, which are crypto pegged to the value of other currencies such as the U.S. dollar
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Binance re-enters South Korea with GOPAX exchange
Major cryptocurrency exchange Binance is coming back to South Korea with a new acquisition of the local crypto trading platform Gopax.Binance has acquired a majority stake in the troubled crypto exchange Gopax, re-entering South Korea after exiting the market two years ago, Bloomberg reported on Feb. 3.The funding for the
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Binance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX: Bloomberg
The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage. Source
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First Mover Americas: Binance Returns to South Korea Via GOPAX
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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Crypto Exchange Former Bithumb Chairman Arrested in South Korea
In addition to this arrest, South Korea’s National Tax Service had also opened a separate investigation into the possible tax evasion at Bithumb and its affiliates.On Thursday, February 2, Kang Jong-Hyun, the former chairman of South Korea-based crypto exchange Bithumb was arrested on charges of embezzlement, fraudulent illegal transactions, and
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Bithumb owner arrested in South Korea over alleged embezzlement
The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested on alleged embezzlement charges on Feb. 2 local time.According to local media reports, Kang Jong-hyun was arrested on charges of alleged embezzlement. The Seoul Southern District Court issued an arrest warrant for the businessman on Jan.
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South Korea to Start Tracking Crypto Transactions in Bid to Crack Down on Money Laundering
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