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Tag: South Korea

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International Crypto Crime Ring Exposed: South Korea Uncovers $100 Million Laundering Scheme
South Korean officials have unveiled a major international cryptocurrency crime ring involved in laundering approximately 150 billion won, equivalent to around $101.7 million, through an unauthorized foreign exchange scheme. 
The Korea Customs Service (KCS) announced on Monday that three Chinese… Read full article
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$100M Underground Remittance Network Using Crypto, WeChat Dismantled In South Korea
Seoul investigators say they have disrupted a secret money-transfer network that moved roughly 150 billion won—about $102 million—into and out of South Korea using a mix of mobile payment apps and cryptocurrencies.

Reports say three people have been formally accused… Read full article
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South Korea busts $100M underground remittance ring using WeChat, crypto: Report
South Korea’s customs agency charged three suspects over a more than $100 million crypto-linked remittance scheme using WeChat Pay and Alipay, per Yonhap. Read full article
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South Korea Uncovers $100M Crypto Laundering Network
The case came to light following a prolonged investigation by the Korea Customs Service, which traced unusual money movements linked to digital assets and unlicensed foreign exchange activity. Three Chinese nationals are now facing prosecution for allegedly orchestrating the operation… Read full article
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Upbit Towers Over Rivals as South Korea’s Primary Crypto Liquidity Hub, Research Finds
Liquidity on South Korea’s cryptocurrency exchanges looks deceptively simple on the surface, but Kaiko Research finds that beneath the headline volumes lies a far more nuanced—and occasionally unforgiving—market structure. South Korea’s Crypto Liquidity Is Complicated—Kaiko Research Explains Why In its… Read full article
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Google Play Drops International Crypto Exchange Apps In South Korea
Starting January 28, 2026, Google Play will stop allowing downloads and updates of overseas crypto exchange and wallet apps in South Korea unless those platforms prove they are registered with the country’s Financial Intelligence Unit (FIU).

Registration Proof Must Be… Read full article
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