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Regulator to Introduce New Rules to Protect Virtual Asset Users

Regulator to Introduce New Rules to Protect Virtual Asset Users

SEOUL, Mar. 27 (Korea Bizwire) — The financial regulator announced plans Wednesday to introduce new rules on the investigation and punishment of illegal transactions involving virtual assets. The new rules will be implemented in tandem with the new Virtual Asset Users Protection Act, set to be enacted July 19, according to the Financial Services Commission [...]

Appeal Filed against Montenegro Court Ruling for Crypto Mogul Kwon’s Extradition to S. Korea

Appeal Filed against Montenegro Court Ruling for Crypto Mogul Kwon’s Extradition to S. Korea

SEOUL/ROME, March 22 (Korea Bizwire) — Montenegro prosecutors have appealed a recent court ruling for the extradition of disgraced crypto mogul Do Kwon to his home country of South Korea to face trial on charges connected to the crash of cryptocurrencies. Kwon, the co-founder of the cryptocurrency firm Terraform Labs, is wanted both by South [...]

Montenegro Court Confirms Crypto Entrepreneur Kwon’s Extradition to S. Korea

Montenegro Court Confirms Crypto Entrepreneur Kwon’s Extradition to S. Korea

WASHINGTON/ROME, Mar. 20 (Korea Bizwire) — An appeals court in the Balkan country of Montenegro finalized a decision Wednesday to have Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, be extradited to his home country, South Korea. In a statement on its website, the court said that it had rejected an appeal by [...]

S. Korea, OECD Hold Conference on ‘Digital Finance’

S. Korea, OECD Hold Conference on ‘Digital Finance’

SEOUL, Mar. 18 (Korea Bizwire) — South Korea and the Organization for Economic Cooperation and Development (OECD) opened a joint conference in Seoul on Monday to discuss ways to help Southeast Asian countries develop and transform their financial systems. The conference will be held for two days and discuss potential problems arising from the digitalization [...]

Crypto Entrepreneur Kwon Should Be Extradited to S. Korea: Montenegro Court

Crypto Entrepreneur Kwon Should Be Extradited to S. Korea: Montenegro Court

WASHINGTON, Mar. 7 (Korea Bizwire) — A court in the Balkan country of Montenegro ruled Thursday that disgraced crypto entrepreneur Do Kwon should be extradited to his home country, South Korea, according to the Associated Press. The High Court’s ruling on the co-founder of the cryptocurrency firm Terraform Labs came days after an appeals court [...]

Montenegro Court Overturns Ruling to Extradite Crypto Entrepreneur Do Kwon to U.S.

Montenegro Court Overturns Ruling to Extradite Crypto Entrepreneur Do Kwon to U.S.

SEOUL, Mar. 5 (Yonhap) — An appeals court in the Balkan country of Montenegro has overruled an earlier decision to extradite Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, to the United States to face fraud charges, the court’s website showed Tuesday. Earlier, the High Court in Podgorica ruled that Kwon should be [...]

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

SEOUL, Oct. 3 (Korea Bizwire) –The market for online e-coupon services, which provide gift certificates in the form of barcodes, is experiencing rapid growth. This surge can be attributed to the sustained popularity of non-face-to-face gifting practices that emerged during and after the COVID-19 pandemic. The online shopping industry anticipates that the transaction value of [...]

Mirae Asset Securities Expands Tokenized Securities Initiative with Studio Genius and Solaire Partners

Mirae Asset Securities Expands Tokenized Securities Initiative with Studio Genius and Solaire Partners

SEOUL, Sept. 7 (Korea Bizwire) —Mirae Asset Securities announced on Wednesday the inclusion of two prominent entities, Studio Genius, a domestic content production company, and Solaire Partners, an investment firm, in the Security Token Working Group. This collaborative effort aims to advance the commercialization of tokenized securities linked to film and drama investment ventures. Studio [...]

Joint Investigation Unit Launched to Fight Against Crypto Crimes

Joint Investigation Unit Launched to Fight Against Crypto Crimes

SEOUL, July 26 (Korea Bizwire) — An interagency investigation team was launched Wednesday to crack down on cryptocurrency-related crimes, officials said. The joint virtual asset crime investigation unit will start operations at the Seoul Southern District Prosecutors Office, staffed by 30 investigators from seven government agencies and bodies, including the prosecution, the Financial Supervisory Service, [...]