Updates on exchange rules, enforcement, investor trends, and Korea’s active crypto trading culture.
South Korean authorities have threatened regulatory action on Worldcoin if it is in violation of local privacy laws.
Oluwapelumi Adejumo 2 min read 
Do Kwon's lawyers are not seeking an adjournment and the trial is expected to proceed as scheduled.
The timeline for his extradition is unclear and could take several weeks or months to finalize.
The decision aligns with the government and legislative consensus to prioritize regulatory groundwork before enforcing taxation on virtual assets.
The initiative is part of South Korea's effort to bolster financial oversight and consumer protection in the fast-evolving digital asset industry.
Criminal gains over $40 million could lead to life imprisonment under new laws set for July.
Local media reports arrests as execs claimed to take advantage of 'inefficiencies' in the market, HaruInvest halted withdrawals in 2023.
Under the new regulations, any alteration in the representative or executive positions within crypto businesses must be reported and approved before assuming the new role.
Do Kwon and Han Chang-joon were arrested last March for attempting to travel with fake documents.
