South Korea


Policy

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.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Finance

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.

Seoul, South Korea (Shutterstock)

Tech

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.

Ethereum cofounder Vitalik Buterin speaks at ETHSeoul. (CoinDesk)

Tech

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.

Klaytn's funding aims to support industry research in a program led by two of Asia’s highly ranked technology schools. (Noah Buscher/Unsplash)

Finance

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.

Bithumb is one of South Korea's largest crypto exchanges (Shutterstock)

Finance

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.

Terra co-founders Daniel Shin (left) and Do Kwon in happier days (Terraform Labs)

Policy

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.

South Korea has delayed plans to tax crypto by two years to 2025. (Jacek Malipan/Getty)

Finance

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.

The offices of Bithumb and six other South Korean crypto exchanges were reportedly raided by investigators. (Shutterstock)

Finance

Terraform Labs Probed for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating, saying the implosion affected about 280,000 citizens.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)