South Korea seeks legal authority to seize self-custodied crypto through updated criminal procedures. Proposed warrants must detail wallet addresses, asset amounts, transfers, and secure custody arrangements. Court-supervised joint wallets could reduce theft risks while improving […]
TLDR South Korea’s FSS has started sanction procedures against Dunamu over Upbit’s $30 million hack. The regulator sent Dunamu an inspection report nearly eight months after the November 27 breach. Hackers transferred 44.5 billion won […]
South Korea begins sanctions proceedings against Upbit operator Dunamu after hack. FSS reviews Dunamu’s response before deciding possible enforcement measures. Legal gaps may influence penalties and future crypto oversight in South Korea. South Korea has […]
TLDR South Korea plans to update its 1950 National Property Act. Crypto and intellectual property may become national assets. Seoul plans a tokenized government bond pilot in 2027. State-owned real estate tokenization is also under […]
Upbit will support the listing of Derive’s DRV token with KRW, BTC, and USDT trading pairs starting on July 14. Meanwhile, Derive is making progress in adding exchanges for its tokens and assessing the possibility […]
Key Takeaways Kweather and Flare launch an on-chain weather data pilot via a newly signed LOI. The 2 firms will use Flare oracles to launch parametric climate insurance for weather-sensitive sectors. Over time, the 2 […]
Despite the broader selloff, analysts argue that BTC has shown relative strength by holding important support levels during market stress. South Korea’s KOSPI index fell 8.95% on July 13 after an intraday circuit breaker […]
Key Takeaways Hyundai Card slashed cross-border payment times to 7 minutes in a $20,000 corporate stablecoin test. Tether, Avalanche, and Axiym backed the pilot, marking a historic first for the South Korean card industry. A […]
TLDR South Korea cleared Mirae Asset’s Korbit acquisition. Mirae Asset will buy a 92.06% stake in Korbit. The Korbit deal is worth about $88.8M. Korbit held only 0.5% of Korea’s crypto trading volume. Mirae Asset […]
Key Takeaways South Korea’s Supreme Court announced draft civil enforcement rules to systematically seize and freeze bitcoin. The rules allow courts to convert illiquid tokens into highly liquid assets to stabilize the crypto market. The […]
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