Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12422
Markets: 95964
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12422
Cryptocurrencies
55.61%
Bitcoin Share
The Coin Rise 2024-12-31 11:30:45

South Korea Impeached President Faces Arrest Warrant, What’s for Crypto?

South Korea Impeached President Faces Arrest Warrant, What’s for Crypto?

In a historic development, the Seoul Western District Court has issued an arrest warrant for South Korea President Yoon Suk Yeol. The decision, made on December 31, follows Yoon’s suspension from office after his controversial attempt to impose martial law earlier this month. This marks the first time a sitting South Korean president has faced such legal action, underscoring the severity of the political crisis gripping the nation. Political and Market Chaos President Yoon’s announcement of martial law on December 3 during a televised address stunned the nation. Justifying the move as necessary to eliminate “anti-state elements” and address perceived threats from North Korea , the action was met with swift backlash. Within hours, South Korea’s parliament intervened, leading to Yoon’s impeachment on December 14. Yoon’s declaration of martial law also triggered turmoil in the cryptocurrency market. Bitcoin prices on South Korean exchanges like UpBit plummeted by as much as $30,000 in just six hours. The steep decline was attributed to a liquidity crisis exacerbated by the sudden disappearance of key market players. Globally, major cryptocurrencies, including Ether and XRP, saw declines of up to 4%, reflecting international investor jitters over South Korea’s escalating political instability. The crypto market rebounded once parliament forced Yoon to lift martial law on December 4. However, the event left lasting impressions on both domestic and global traders, highlighting the interconnectedness of political and financial systems. Leadership Transition in South Korea The arrest warrant, approved after Yoon failed to attend three investigative hearings, was requested by a joint task force comprising South Korea’s National Police Agency, Corruption Investigation Office for High-ranking Officials (CIO), and the Defense Ministry’s Criminal Investigation Command. The warrant, valid for seven days, could be extended if necessary. In the interim, Deputy Prime Minister and Finance Minister Choi Sang-mok has assumed the role of acting president, tasked with steering the nation through a turbulent period. Yoon’s attempt to impose martial law came on the heels of a record-breaking day for retail crypto trading in South Korea . High-momentum altcoins like XRP, Dogecoin, and Stellar were dominating the market just before the announcement, illustrating the volatility that can arise when political events intersect with financial markets. The post South Korea Impeached President Faces Arrest Warrant, What’s for Crypto? appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.61%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.