South Korea's top cryptocurrency exchange, Upbit, is facing a regulatory storm. Accused of breaching Know Your Customer (KYC) obligations, the platform faces a suspension that could bar it from registering new users for six months. According to local

Crypto exchange Upbit may face possible sanctions in South Korea for not complying with the country's money laundering and know your customer (KYC) obligations, according to a report from local news site Maeil.Upbit which is one of South Korea's larg

South Korean financial authorities have taken action against alleged unfair cryptocurrency trading practices under the country’s investor protection regime.On Jan. 16, South Korea’s Financial Services Commission (FSC) reported the first case of unfai

Upbit, which dominates South Korea's crypto trading market, faces potential business suspension and fines due to violations of anti-money laundering (AML) regulations, particularly regarding its Know Your Customer (KYC) practices, Maeil Business News

Upbit, one of the largest cryptocurrency exchanges in South Korea, has reportedly received a suspension notice for alleged Know Your Customer (KYC) violations.The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC)

South Korean regulators took a cautious approach toward allowing corporate accounts for cryptocurrency trading, postponing any decision for further discussion.On Jan. 15, South Korea’s Financial Services Commission (FSC) held the second Virtual Asset

South Korean authorities have reportedly arrested the country’s impeached president, Yoon Suk Yeol, making him the country’s first sitting president to ever be taken into custody.Yoon was taken from his residence on Jan. 15 for questioning over his c

South Korea has officially begun discussions to develop the second part of its crypto regulatory framework and aims to draft the legislation within the second half of this year, local news outlets reported.The country’s Financial Services Commission

South Korean authorities have reportedly arrested the country’s impeached president, Yoon Suk Yeol, making him the first president to be taken into custody in years.Yoon was taken from his residence on Jan. 15 for questioning over his controversial m

Posting this ICYMI:South Korea's Financial Services Commission (FSC) is reportedly preparing to ease restrictions on institutional cryptocurrency trading.According to Yonhap news agency, the plan seeks to gradually allow institutional investors to op

South Korean regulators are moving forward with plans to approve cryptocurrency investment by institutional investors, according to local media reports.The South Korean Financial Services Commission (FSC) has announced plans to gradually roll out cor

Terraform Labs co-founder Do Kwon was handed over to United States law enforcement by authorities in Montenegro after a months-long battle over where he would be extradited.Montenegrin Prime Minister Milojko Spajić said in a Dec. 31 X post that Kwon

Cryptocurrency ownership is climbing across the globe, although market volatility and scams are still barriers to newcomers.According to Consensys’ 2024 Perception Survey, crypto ownership has increased in several countries in 2024, with an 8% jump i

The latest investigation suggests that Ignatova might be hiding in one of Cape Town's most luxurious neighborhoods.

This is the first time where South Korea has identified North Korea as the perpetrator of a cryptocurrency heist, the police agency said.

The Financial Supervisory Service (FSS) of South Korea maintains its ban on Bitcoin spot and futures ETFs, enforcing strict regulations against cryptocurrency-related investment products. This persistent stance raises concerns about the country’s pot

Residents can now use cryptocurrency to legally purchase real estate in South Africa in a first-of-its-kind offering. Real Estate Purchases Made Easy With Crypto Schindlers Digital Assets along with Schindlers Attorneys and Broll Auctions and Sales h

South Korea’s financial watchdog has doubled its restrictive stance toward crypto, rejecting the launch of exchange-traded funds (ETFs) that track companies linked to digital assets. Local media reported on Nov. 20 the Financial Supervisory Service (

South Africa’s Financial Intelligence Centre has issued Directive 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions. New Rules Force Crypto Platforms to Track User Identities A South Africa

A massive $232 million cryptocurrency scam in South Korea led to 215 arrests, including a YouTuber who fled the country.