Cryptocurrency

Cryptocurrency

Korea Securities Depository to Promote LEI Adoption in Crypto Market

By Sanday Chongo Kabange | 27/07/2023

The KSD and Code have signed a business agreement to promote the issuance and use of LEIs in the virtual asset market.

Cryptocurrency

US Govt Accountability Office Calls for Federal Oversight of Crypto Sector

By Editors | 27/07/2023

GAO report reveals significant regulatory gaps in crypto asset oversight, recommending comprehensive federal intervention to mitigate blockchain-related risks.

Anti-Money Laundering

Korea Establishes Interagency Investigative Team for Crypto

By Manesh Samtani | 27/07/2023

Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.

Cryptocurrency

South Korea Unification Minister Faces Scrutiny Over Crypto Trading

By Mark Johnston | 26/07/2023

Opposition party lawmakers claim minister Kwon Young-se may have had a conflict of interest that influenced his trading in virtual assets.

Cryptocurrency

HashKey Partners with Securities Firm to Offer Crypto Trading

By Editors | 25/07/2023

The partnership with Quam Securities and Longbridge Whale marks a “new chapter” for the adoption of virtual assets by brokers, HaskKey said.

Fraud, Scams & Cybercrime

South Korea Seizes Assets from Crypto Lender Delio

By Editors | 25/07/2023

Prosecutors and the FSC seized “all company and customer assets, including Delio’s cold wallets and ledgers”.

Cryptocurrency

FSS Korea Issues ‘Best Practices’ Guidance on Crypto-related Disclosures

By Manesh Samtani | 25/07/2023

The FSS provides sample footnote disclosures for virtual asset issuers, holders, and exchanges, in line with new crypto asset accounting and disclosure guidelines.

Anti-Money Laundering

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.

Cryptocurrency

Worldcoin Crypto Project Officially Launches

By Editors | 24/07/2023

The project uses a small device called an “orb” to scan people’s eyeballs in order to generate a unique digital identity.