• Latest
South Korea: Crypto Crimes Cost $2.28B Since July 2017

South Korea: Crypto Crimes Cost $2.28B Since July 2017

July 21, 2019
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

March 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

March 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

March 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

March 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

March 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

March 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

March 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

March 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

March 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

March 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

March 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

March 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

South Korea: Crypto Crimes Cost $2.28B Since July 2017

coinnewsdaily by coinnewsdaily
July 21, 2019
in Litecoin
0
South Korea: Crypto Crimes Cost $2.28B Since July 2017
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Litecoin confidential transactions spook Korean exchanges

Litecoin confidential transactions spook Korean exchanges

May 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

May 22, 2022

The South Korean Justice Ministry estimates that cryptocurrency-related crimes have caused 2.69 trillion won (about $2.28 billion) of financial damage between July 2017 and June 2019.

According to a July 21 report by English-language local media The Korea Herald, the ministry claimed that 132 cryptocurrency-related criminals and fraudsters had been indicted and detained, with another 288 indicted without physical detention during the aforementioned time frame.

The report states that, while Justice Minister Park Sang-kim has ordered stern measures against cryptocurrency criminals, a lack of clear regulations on cryptocurrency exchanges has led to an increase in the use of quasi-anonymous or opaque accounts. 

Despite a ban on anonymous crypto exchange accounts in January last year, minor exchanges reportedly started using so-called “beehive accounts” to circumvent the regulation.

Exchanges employing these kind of accounts keep user funds on their corporate bank accounts, keeping the identity of their users private. The government reportedly proposed to end the practice, but a court halted the initiative ruling that it would be inappropriate for the government to close the exchange’s corporate bank accounts.

As Cointelegraph reported earlier this month, South Korea’s leading credit card firm Shinhan Card was granted a patent for a blockchain payments system.

On July 1, news broke that Busan, South Korea’s second most-populous city after Seoul, is considering the launch of a local cryptocurrency in collaboration with BNK Busan Bank, a subsidiary of local holding company BNK Financial Group.



Credit: Source link

Share76Tweet48
Previous Post

Major Coins Trading Sideways With Moderate Losses, Bitcoin Near $10,400

Next Post

Founder of Former ConsenSys-Backed Startup Sues Joseph Lubin for $13M

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Litecoin confidential transactions spook Korean exchanges
Litecoin

Litecoin confidential transactions spook Korean exchanges

May 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21
Litecoin

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

May 22, 2022
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14
Litecoin

Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

May 19, 2022
meta to launch metaverse hardware store, elon musk buys twitter for $44b and apecoin pumps to new highs: hodler’s digest, april 24 30
Litecoin

Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

May 5, 2022
Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Load More
Next Post
Founder of Former ConsenSys-Backed Startup Sues Joseph Lubin for $13M

Founder of Former ConsenSys-Backed Startup Sues Joseph Lubin for $13M

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$28,493.000.02%
  • ethereumEthereum(ETH)$1,825.68-0.33%
  • tetherTether(USDT)$1.000.10%
  • binancecoinBNB(BNB)$314.43-0.86%
  • rippleXRP(XRP)$0.51-3.91%
  • cardanoCardano(ADA)$0.393582-2.93%
  • dogecoinDogecoin(DOGE)$0.0769321.30%
  • matic-networkPolygon(MATIC)$1.11-0.21%
  • solanaSolana(SOL)$21.010.52%
  • polkadotPolkadot(DOT)$6.28-0.88%
  • litecoinLitecoin(LTC)$93.114.00%
  • shiba-inuShiba Inu(SHIB)$0.0000113.20%
  • tronTRON(TRX)$0.0664760.50%
  • daiDai(DAI)$1.000.11%
  • chainlinkChainlink(LINK)$7.52-0.69%
  • cosmosCosmos Hub(ATOM)$11.18-1.06%
  • leo-tokenLEO Token(LEO)$3.39-2.35%
  • ethereum-classicEthereum Classic(ETC)$21.263.22%
  • stellarStellar(XLM)$0.1100581.29%
  • moneroMonero(XMR)$156.200.16%
  • okbOKB(OKB)$41.940.01%
  • bitcoin-cashBitcoin Cash(BCH)$124.270.47%
  • filecoinFilecoin(FIL)$5.67-0.41%
  • crypto-com-chainCronos(CRO)$0.0690430.09%
  • vechainVeChain(VET)$0.023336-0.58%
  • algorandAlgorand(ALGO)$0.221982-2.15%
  • internet-computerInternet Computer(ICP)$5.18-1.14%
  • eosEOS(EOS)$1.19-0.13%
  • elrond-erd-2MultiversX(EGLD)$42.36-1.09%
  • theta-tokenTheta Network(THETA)$1.073.13%
  • aaveAave(AAVE)$74.220.42%
  • tezosTezos(XTZ)$1.12-0.81%
  • neoNEO(NEO)$12.31-2.06%
  • havvenSynthetix Network(SNX)$2.542.19%
  • paxos-standardPax Dollar(USDP)$1.000.27%
  • bitcoin-cash-svBitcoin SV(BSV)$35.930.07%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.720.33%
  • dashDash(DASH)$58.802.71%
  • makerMaker(MKR)$689.420.63%
  • iotaIOTA(MIOTA)$0.2217423.47%
  • huobi-tokenHuobi(HT)$3.66-0.06%
  • zilliqaZilliqa(ZIL)$0.0313518.65%
  • basic-attention-tokenBasic Attention(BAT)$0.2767314.18%
  • zcashZcash(ZEC)$37.68-1.54%
  • nemNEM(XEM)$0.0407913.13%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.131.18%
  • kusamaKusama(KSM)$33.89-3.87%
  • compound-governance-tokenCompound(COMP)$42.95-0.45%
  • yearn-financeyearn.finance(YFI)$8,747.80-0.43%
  • bitcoin-goldBitcoin Gold(BTG)$16.030.42%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2454402.54%
  • omisegoOMG Network(OMG)$1.56-2.26%
  • wavesWaves(WAVES)$2.131.04%
  • ontologyOntology(ONT)$0.2388452.02%
  • sushiSushi(SUSHI)$1.09-0.64%
  • digibyteDigiByte(DGB)$0.0096870.42%
  • umaUMA(UMA)$2.100.23%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%