An investigation by the Korea Customs Service discovered over 2.7 trillion won ($2 billion) in illegal foreign exchange transactions related to virtual assets since February.
The Bank of Korea says companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.
With the total crypto market capitalization falling below the $1 trillion mark, plus the taboo topic at South Korea’s Blockchain Week, CoinDesk’s “Markets Daily” is back with...