Tag Archives: Seoul

Seoul Mayor Aims To Launch Capital’s Own Crypto

Park Won-soon, the mayor of Seoul, has declared his intentions to launch South Korean capital’s own cryptocurrency and create a better environment for the development of Blockchain and digital currency projects in the city, the news outlet Hankyoreh reported March 30, referencing an interview with Coindesk Korea. Continue reading Seoul Mayor Aims To Launch Capital’s Own Crypto

3 Korean Cryptocurrency Exchanges Raided in Embezzlement Inquest

Three South Korean cryptocurrency exchanges have reportedly been raided by prosecutors suspecting embezzlement of user funds. Korean publication Chosun is reporting a series of raids this week by the Seoul Southern District Prosecutor’s Office on three separate cryptocurrency exchanges as a part of an investigation into the alleged siphoning of customer funds. The exchanges’ executives and staff are suspected of using fiat deposits from customer accounts to buy cryptocurrencies at other exchanges. Continue reading 3 Korean Cryptocurrency Exchanges Raided in Embezzlement Inquest