Places South Korea

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.

In an interview with CryptoSlate, Anthony Yoon, the general partner at ROK Capital, said that the future of games lies on-chain.

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.

South Korean government officials say the foreign exchanges could be used to carry out money laundering acts and their users’ data are not safe.

Do Kwon recently claimed South Korean prosecutors were yet to contact him nor file any charges against him.

Coinage will air the first video interview with Do Kwon follwing the Terra collapse. But FatManTerra questions whether it will shed light on what really happened.

South Korean Financial Services Commission Chairman Kim Joo-Hyun said the new crypto regulation would adopt a balanced approach that ensures investors' protection and market innovation.

Vitalik Buterin believes a proof-of-work hard fork of Ethereum is being pushed by "people who own exchanges trying to make a quick buck."

A foreign employee of South Korea-based Busan Bank stole customers funds and invested it into Bitcoin, according to local media reports.

The Ministry of Justice has issued a "notification upon arrival" notice to Do Kwon while Daniel Shin is restricted from leaving the country.

South korean prosecutors want to be informed in case Terra's Do Kwon enters the country.

The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage.

Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.

The investigation team also raided eight other locations and seized transaction records and other materials.

South Korea and the United States have agreed to share investigation data about the Terra network crash.

Terraform Labs employees are banned from leaving South Korea as the prosecutors office explores charging Do Kwon with fraud and other crimes.

The exchanges are proposing to create three different committees that will be saddled with compliance monitoring, market monitoring, and transaction support.

The top five Korean exchange err on the side of caution and delist Litecoin for compliance reasons.