South Korea To Establish Supervisory Authority For Crypto In June
South Korea looks set to establish a Digital Assets Committee which will serve as the supervisory authority for crypto South Korea plans to set up a supervisory authority on crypto in June The Digital Assets Committee, which will function as the supervisory and controlling authority for virtual assets, including cryptocurrencies, will be launched as early […]
South Korean Authorities Probe Terraform Labs Over Terra Crash
South Korean authorities have summoned the staff of Terraform Labs for a full-scale inquiry into the collapse of UST and LUNC The South Korean government is apparently calling personnel of Terraform Labs, the company behind the Terra Network as well as the Luna (LUNC) and Terra USD (UST) tokens. South Korean Authorities Look Into Reason […]
South Korean cryptocurrency exchanges reportedly block Russian users
Some South Korean cryptocurrency exchanges including Upbit, Gopax, Bithumb, and Korbit have apparently stopped rendering their services to Russian users by barring Russian IP addresses. The list of sanctions placed on Russia continues to grow, with the most recent example coming from the largest South Korean digital asset trading platforms. According to a recent local […]
South Korean Government set to invest $187M into a national Metaverse Project
For a country that sees a future in the metaverse and all it entails, the government of South Korea will provide $186.7 million to stimulate the growth of a Metaverse platform that will support the expansion of digital content and corporate growth in the country. The Ministry stated in an official statement on Feb. 27 […]
Cryptocurrency News Digest by Coinscreed
From January 1, 2022, till the time of writing, Coinscreed will help you keep an eye on the trending cryptocurrency events and news. South Korea’s Top Presidential Candidate Will Accept BTC and ETH as Campaign Contributions According to The Korea Times , South Korean politician Lee Jae-Myung, who formally became the progressive Democratic Party’s presidential […]