People
Interpol issues worldwide arrest warrant for Do Kwon
Interpol has issued a red warrant for Do Kwon following South Korea's request, obligating law enforcement worldwide to locate and arrest him.
Zeynep Geylan 3 min read
South Korea News
Updates on exchange rules, enforcement, investor trends, and Korea’s active crypto trading culture.
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Crypto
CryptoSlate Wrapped Daily: Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console
Binance launches Global Advisory Board to support responsible regulation of crypto, Russia's regulators agree to allow crypto use in international payments and much more in this edition of CryptoSlate Wrapped Daily.
Taxes
Korean tax authorities seize $185M worth of crypto from tax evaders since 2021
In 2020, North Korea implemented a system where authorities started seizing assets of delinquents and selling them if taxes remained unpaid.
Latest South Korea Crypto News & Analysis
People
South Korea upgrades wanted status of Terra founder Do Kwon, asks for red notice
South Korean prosecutors have requested the cancellation of Kwon's South Korean passport because he was "on the run" and uncooperative.
People
LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon
Kwon’s arrest warrant is valid for one year and prosecutors are willing to try different tactics to bring to book.
Metaverse
South Korea sentences metaverse sexual abuser to 4 years imprisonment
The unnamed man was banned from working in any entity involving minors and the disabled. He also must attend a mandatory program for sexual offenders.
Metaverse
South Korea’s Science Ministry to develop ethical principles for the metaverse
South Korea is developing a set of principles for users to follow in the metaverse to enhance self-identity preservation, safe enjoyment, and sustainable prosperity.
Web3
Why the future of gaming will be on-chain
In an interview with CryptoSlate, Anthony Yoon, the general partner at ROK Capital, said that the future of games lies on-chain.
Taxes
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korea's President Yoon Suk-yeol has delayed the levy of capital gains on crypto profits, but crypto airdrops are subject to a gift tax of up to 50% under current tax laws as the tokens are received for free.
More South Korea Crypto News Headlines
Regulation
South Korea to block 16 unregistered foreign crypto exchanges
Legal
Do Kwon hires lawyer in preparation for defense in South Korea
People
FatManTerra questions integrity of Do Kwon’s first interview since Terra collapse
Regulation