Korea

The Seoul court handed crypto asset manager prison sentence in the first case under the new Virtual Asset User Protection Act. A South Korean court has sentenced Jong-hwan Lee,…

Key Takeaways: South Korea plans to apply bank-level, no-fault compensation rules to crypto exchanges after a major breach at Upbit. Regulators want exchanges to reimburse users for losses from hacks…

SEOUL — For many Americans, the apartment where 29-year-old IT specialist Lee Chang-hee lives might be the stuff of nightmares. Located just outside the capital of Seoul, the building isn’t very tall…

The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote…

Key Takeaways: South Korea may allow foreign investments in crypto. Whether this happens depends on exchanges strengthening their AML efforts. Changes in policy could revive the local crypto sector. South…