Tag: south korean crypto regulation

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Report: Two South Koreans Paid in Bitcoin to Spy for North Korea

May 4, 2022

South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789. South Korea’s Joint Command and…
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South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry

March 11, 2022

South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said. South…
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