CFTC brings $1.7B fraud case involving Bitcoin against South African national
“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC.
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South Korean prosecutors ban Terra employees from exiting the country: report
Employees of Terra have reportedly been prohibited to exit South Korea as investigations by the prosecutors continue.
Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund
Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the Terra n...
Major South Korean crypto exchanges delist Litecoin
Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well.
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
The new fund is intended to support the growth of NFT, gaming, and DeFi projects on Solana and to help keep former Terra developers on their feet following Terra’s fall.
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.
South Korea ramps up crypto investigations and regulations
South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities.
South Korean government becomes an early investor in metaverse
South Korea’s rising interest in nascent tech could prompt other nations to take up the idea of metaverse more seriously.
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June.
South Korean authorities reportedly probe staff behind Terra
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues.