The amount represents about 7 percent of what Elliott sought from a 2018 lawsuit it filed against the South Korean government.
June 22, 2023From 1 June 2024, new obligations will be imposed on reporting entities related to virtual asset transfers, deposits, withdrawals, and exchange.
June 2, 2023The Korean government would still have to pay $216mn to US private equity firm Lone Star, despite the reduction.
May 10, 2023The FSC will focus on the segregation of customer assets at crypto exchanges, the supervision of token listings, and customer protection.
March 22, 2023The "Virtual Currency Tracking System" will be launched as part of a new cloud system that will allow other agencies to leverage prosecutors' investigative and forensics expertise.
January 31, 2023Japan's organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.
June 13, 2022The guidelines aim to improve systems and mechanisms used by intermediaries to prevent dishonest practices and corruption in securities issuance activities.
June 3, 2022Banks will be able to ask companies to submit information about their major shareholders when opening accounts or making loans.
November 3, 2021Arbitration courts in Beijing, Shanghai and Shenzhen will help to facilitate the resolution of disputes in the securities and futures market.
October 22, 2021Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021