Hashed Ventures Announces Abu Dhabi Expansion
South Korean-based crypto firm Hashed Ventures unveiled plans to expand to Abu Dhabi, quoting the city’s regulatory policies. Hashed Ventures, a digital asset firm headquartered in South Korea, has disclosed its intention to expand to Abu Dhabi, citing broader expansion objectives. Due to its innovative and transparent crypto policies, the Abu Dhabi market continues to […]
‘User Deposits Were not Principal Protected’ – Delio CEO
The CEO of South Korean crypto yield platform Delio, Jung Sang-ho, has publicly stated that user deposits were not “principal protected” when they transferred their assets to the platform. Jung informed the audience during the second hearing of the first criminal trial, which took place on June 25 at the Seoul Southern District Court, as […]
South Korean Think Tank Calls for More Research on Crypto ETFs
A finance and economics-focused think tank in South Korea cautions users against spot crypto ETFs, calling for more research and regulatory measures. In a paper, researcher Bo-mi Lee of the Korea Institute of Finance contended that the losses in spot Bitcoin and Ether ETF results in various jurisdictions worldwide outweigh the benefits. Spot crypto ETFs […]
South Korea’s Inspection of 600 Tokens Sparks Panic Among Altcoins
South Korean exchanges‘ inspection of 600 tokens post-virtual asset law implementation next month triggers panic and altcoin price declines, despite government assurances of non-involvement. A South Korean news outlet has announced that 600 tokens will be inspected by exchanges following the implementation of the virtual asset law, which is scheduled to take place next month. […]
South Korea May Delist 600 Altcoins Under New Law
South Korean financial authorities may delist about 600 altcoins this year under the new Virtual Asset User Protection Act. According to Korean news medium Dnews, which cites sources familiar with the situation, South Korea’s financial authorities will start re-evaluating more than 600 cryptocurrency listings on local trading platforms in July after the implementation of the […]