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South Korea
EU Official Says Europe’s MiCA Bill Would Prevent Collapses Like Terra's
Peter Kerstens said the rules would require stablecoins to be fully collateralized and redeemable upon request.

South Korean Web 2 Metaverse Platform Zepeto Gets a Web3 Makeover
The Naver-owned social network worked with Jump Crypto to build ZepetoX on the Solana blockchain.

At ETHSeoul, Ethereum Developers Turn Attention to Privacy and Users
Real-life use cases, privacy and making blockchain applications more accessible for retail users dominated the conversations at Ethereum’s developer event.

Korean Blockchain Project Klaytn Commits $20M to Blockchain Research
The funding program will support research led by two of Asia’s most highly ranked technology schools.

Crypto.com Receives South Korean Regulatory Licenses After Buying Local Firms
The firm did not publicly disclose the deal size.

FTX in Talks to Buy South Korean Crypto Exchange Bithumb: Report
Bithumb’s parent company is considering either an outright sale or a joint ownership.

South Korean Prosecutors Raid Terra Co-Founder Daniel Shin's Home: Report
The authorities are continuing their investigation into fraud allegations at the center of the Terra collapse.

South Korea Postpones 20% Crypto Tax to 2025
The government announced its 2022 tax reform plan on Thursday, which included further postponing plans to tax crypto earnings that were already delayed by a year.

Prosecutors Raid 7 Korean Exchanges Amid Terra Probe: Report
Seven exchanges and eight other addresses have been raided in connection to the Terraform Labs fraud investigation.

Terraform Labs Probed for Alleged Bitcoin Embezzlement Following UST Collapse: Report
South Korean authorities are investigating, saying the implosion affected about 280,000 citizens.
