XRP Lawyer Reacts To South Korea’s XRPL Validator Addition
South Korean digital asset service firm Infinite Block joined the XRP Ledger as a validator after Japanese SBI Holdings explored a similar move. Pro-XRP lawyer Bill Morgan responded to the recent revelation that Infinite Block, a Korean virtual asset service provider, would join the XRP Ledger as a validator. Furthermore, he underscored the importance of this […]
South Korean Ministries to Upgrade Crypto Crime Investigation Unit
South Korean Ministries of Justice and Security and Public Administration are collaborating to upgrade their crypto crime investigation unit to the rank of a permanent department. According to Segye Ilbo, we will witness discussions on budget allocation and the selection of prosecutors early next month, among other topics. The current branch comprises prosecutors affiliated with the […]
South Korea Launches Crypto Crime Crackdown Unit
South Korea plans to upgrade its temporary crypto investigative unit to an official department to combat the rise in digital asset crimes. South Korea is taking proactive steps to combat the rise in crypto-related crimes and fraud by proposing elevating its Joint Virtual Asset Crime Investigation Unit to an official department. The Ministry of Justice […]
Crypto.com’s Launch in South Korea Faces Regulatory Delay
Crypto.com’s South Korean launch will be delayed due to anomalies in the platform’s money laundering data, as regulators have identified. Crypto.com’s data contained Anti-Money Laundering (AML) vulnerabilities, prompting South Korean authorities to conduct an “emergency on-site inspection” to oversee the cryptocurrency exchange’s activities. A Financial Services Commission (FSC) representative informed the local publication Segye Ilbo: […]
Upbit Exchange Suspends Transactions Exceeding 1M Won
South Korea Upbit cryptocurrency exchange will suspend withdrawals and deposits of digital assets exceeding 1 million Korean won (approximately $721). On April 17, the cryptocurrency exchange Upbit stated in a blog post that the inability to process deposits and withdrawals was due to the suspension and termination of Ten&Ten’s Travel Rule Solution service . The […]