Crypto Crime Spikes 1,400-Fold From South Korea to Cambodia as Sanctions Deba...
Crypto-linked crime from South Korea to Cambodia has skyrocketed 1,400 times in the past year, revealing alarming gaps in anti-money laundering (AML) oversight. Related Reading: Is A Ripple IPO Coming? Garlinghouse Shares New Insights Transfers between the two nations, largely involving USDT stablecoins, have drawn scrutiny after Korean exchanges like Bithumb and Upbit processed billions […]
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As investigations into Terra’s LUNA and UST death spiral continue, prosecutors in South Korea have imposed travel limits on Terra developers and former devs, according to JTBC News. South Korea Places Travel Ban On Terraform’s Developer The travel ban was announced by the Financial and Securities Crime Joint Investigation Team to keep persons involved in […]
As Russia moves to regulate the crypto sector later this year, the European Union (EU) is considering implementing strict sanctions on all digital asset transactions linked to the country to curb sanctions evasion. Related Reading: South Korea To Probe Crypto Exchanges, Tighten Regulations After Bithumb $40B Bitcoin Error EU Seeks Sanctions On Russian Crypto Transactions […]
Several of South Korea’s largest crypto exchanges have allegedly joined the increasing list of global sanctions against Russian President Vladimir Putin’s regime by barring the country’s IP addresses. Gopax, one of the major exchange platforms in South Korea, was the first to publicly reveal Thursday that it was blocking IP addresses from the country and […]
Crypto.com is one of the world’s fastest growing digital asset trading platform. It has recently spoken about its acquisitions in South Korea which would help in Crypto.com’s South Korea expansion plan. The trading platform is of the belief that the collapse in the market can be reversed this year itself. It has now secured its […]
Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea’s Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According to The Korea Herald, from January next year, this tax law amendment would impose a […]