South Korea Ready to Test its CBDC with Commercial Banks, But Says Launch Is ‘a Long Way off’
Source: Adobe/Pavel Ignatov South Korea’s central Bank of Korea (BOK) says it is now ready to commence “real-world” testing for its prototype digital won – but is refusing to say…
South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors
Source: AdobeStock / orpheus26 A South Korean politician wants the government to create a special fund to help crypto investors who have suffered losses in the markets – and says…
Media & Police Investigate Crypto Links as Family Found Dead in South Korean Sea
Source: a video screeshot, Yonhapnews / YouTube Police in South Korea investigating the deaths of a 10-year-old child named Cho Yu-na and both of her parents have announced that the…
South Korean Bankruptcy Court Warns of Coming Surge in Crypto-related Cases
Source: AdobeStock / Patrick Ryan South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a “working rule” that will help them deal with cases…
Neobank K-Bank May Have to Postpone IPO Plan as Crypto Winter Bites
Source: Adobe/Tim An up-and-coming South Korean bank appears to be suffering from the crypto market’s volatility – and may have to shelve its initial public offering (IPO) plans if crypto…
Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules
Source: Adobe/Maksim Kabakou A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’…
SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK
Source: AdobeStock / acarapi A South Korean telecommunications giant has claimed that SIM swap-type crypto attacks are on the rise in the country – and has predicted a rise in…
South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake
Source: iStock/paisan191 A bitcoin (BTC) wallet owner who received almost BTC 200 (USD 4.16m) by accident has been absolved of blame by a branch of the South Korean High Court,…
South Korean Authorities Impose Departure Ban on One of Terra’s Main Designers: Report
Without divulging any names, a South Korean media agency reported that the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team has banned a key Terra designer…
Litecoin MimbleWimble Delisted by Several Exchanges for Being Too Privacy-Protecting
Korean crypto exchanges Upbit and Bithumb announced in public notices to users that they will drop Litecoin (LTC). Upbit will stop trading pairs with Litecoin on June 20th and give…