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South Korea Denies Cryptocurrency Exchanges From Venture Firm Certification
Although the South Korean Government is keen to improve blockchain regulations, they do not express the same sentiment towards the cryptocurrency industry. According to an article published by Business Korea on October 1, 2018, the South Korean Government decided to deny cryptocurrency exchanges from venture firm certification, which will lead to an increase in taxes for these companies. дальше »
2018-10-3 23:00 | |
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North Korea Can Use Hot Virtual Wallets to Circumvent U.S. Sanctions
North Korea is a country that has been hit hard by U.S. sanctions in recent years, as the international community, and specifically the United States government attempts to push its… The post North Korea Can Use Hot Virtual Wallets to Circumvent U.S. Sanctions appeared first on CoinCentral. дальше »
2018-10-2 18:37 | |
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South Korea Excludes Crypto Exchanges from Venture Firm Certification, Tax Rate Increases 100 Percent
Cryptocurrency exchanges in South Korea faced the dreaded government hammer last week, as the authorities decided to exclude the burgeoning business type from the country’s “Venture Company” certification, reported Business Korea on Oct. дальше »
2018-10-1 19:00 | |
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South Korean Government Pledges to Support Domestic Blockchain Projects
South Korea’s Ministry of Science and Information Communications Technology (ICT) has vowed to increase Government funding and support for the nation’s blockchain companies. According to Business Korea’s article published on September 21, 2018, the Government’s decision to boost support was to assist blockchain startups with current challenges and help drive growth to domestic blockchain industry. дальше »
2018-9-23 23:00 | |
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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin
Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). дальше »
2018-9-19 00:42 | |
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Limited Services In Korean Banks For Crypto Investors
Seven months ago, the government in Korea brought in a new ‘crypto real-name system’ however, there is only up to 50% of accounts that have been converted into real-name ones, even in the top four cryptocurrency exchanges for Korea. дальше »
2018-9-11 13:00 | |
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South Korea Urges 14 Countries to Create International Discipline System for Crypto
At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. дальше »
2018-9-8 17:30 | |
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South Korea Begins Training Citizens to Lead its Distributed Ledger Technology (DLT) Ecosystem
South Korean authorities are collaborating with the Walton Blockchain Research Institute to make 42 people proficient in Blockchain technology and get immediate employment in the country, as first reported by local news source Kinews on August 3, 2018. дальше »
2018-9-5 15:00 | |
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South Korea to Double Blockchain Trials in Public Sector Next Year
The South Korean government is literally doubling down on its efforts to trial blockchain in the public sector for 2019. дальше »
2018-9-4 12:03 | |
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Korean Lawmaker Stresses the Importance of a Cryptocurrency Special Zone for ICOs
It’s almost been a year since the South Korean Government enacted their blanket ban on initial coin offerings (ICOs). Business Korea reported that during 2017 to 2018, there had been many conflicting policies concerning the promotion of blockchain technology and the banning of ICOs. дальше »
2018-8-31 14:00 | |
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Korea’s Major Crypto Exchange Bithumb Resumes Registration. Partners With NH Bank
Hankyung, a mainstream media outlet in South Korea, has reported that Bithumb, the country’s second largest crypto exchange, will officially resume new user registrations on September 1. Bithumb has disallowed new registrations for traders in South Korea since January of 2018, following the encouragement of the government to establish formal agreements between cryptocurrency trading platforms. дальше »
2018-9-1 13:56 | |
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Korean Lawmaker is ‘Upset to See South Korea Prohibit ICOs’
This week, South Korean lawmakers observed the government’s confusing stance on distributed ledger applications, with blockchain technology promoted across the board and ICO projects facing strict crackdowns. дальше »
2018-8-31 12:00 | |
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Philippines, South Korea and Thailand All Planning to Ease Crypto Regulations, Creating ‘Crypto Valleys’
Local news outlet Nikkei Asian Review reports that several Asian countries have launched simultaneous efforts to ease government regulations to attract new financial technology (fintech) companies. дальше »
2018-8-28 18:25 | |
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South Korea: ICOs and Blockchain Top Priority for Ongoing ‘Extraordinary’ Meeting
The South Korean National Assembly has kickstarted an “extraordinary” meeting for discussing ICO regulation, cryptocurrency and blockchain frameworks, as well as other steps to support optimal growth of the digital assets sector, Business Korea reported. дальше »
2018-8-23 03:00 | |
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South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies
South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »
2018-8-20 13:59 | |
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Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet
In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. дальше »
2018-8-19 07:10 | |
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Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures
The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges. дальше »
2018-8-19 22:10 | |
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South Korea Invests $4.4 Billion in Blockchain Technology
Despite showing reluctance toward cryptocurrencies, the South Korean government revealed its intention to “nurture” eight growing sectors of the domestic economy–including blockchain technology. дальше »
2018-8-18 10:00 | |
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South Korean Cryptocurrency Market Targeted by New Rule Change
The government of South Korea has excluded cryptocurrency exchanges from being categorized as venture businesses. The government announced this new cryptocurrency market rule-change through a press release published on August… The post South Korean Cryptocurrency Market Targeted by New Rule Change appeared first on CoinCentral. дальше »
2018-8-18 01:05 | |
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Cryptocurrency Exchanges Excluded from Venture Firms List by South Korean Government, Angers Cryptocurrency Platform Operators
Cryptocurrency exchanges in South Korea have condemned their exclusion by the country’s government from the classification of venture firms. Many platform operators believe the development is not in the best interest of the nascent cryptocurrency industry. дальше »
2018-8-17 19:58 | |
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South Korea Budgets Nearly $4.5B for Blockchain, Emerging Tech
South Korea is planning to invest nearly $900 million next year to accelerate the development of blockchain, artificial intelligence and other emerging technologies. дальше »
2018-8-17 22:56 | |
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5 Trillion Won To Be Invested In Blockchain Tech In South Korea During 2019
The government of South Korea has just earmarked about 5 trillion won, which is approximately $4. 4 billion budget towards its project on the growth of innovation investment program in the eight critical sectors within the country. дальше »
2018-8-16 12:31 | |
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Korean Blockchain Groups Fear Crypto Exchanges Will Lose Tax Benefits From Law Amendments
South Korea Blockchain Groups Oppose Crypto Exchanges Amendments By Government August 15th 2018 – Seoul, South Korea Earlier in the year the blockchain regulatory bodies in South Korea proposed a motion to curb the increasing popularity of trading cryptocurrencies. дальше »
2018-8-16 00:06 | |
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China and South Korea Pledge More Money to Blockchain Research
South Korea will invest heavily in emerging technologies in 2019, one of which is blockchain technology. The move was announced by the country’s Finance Minister, Kim Dong-yeon, during a recent cabinet meeting. дальше »
2018-8-15 17:00 | |
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Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits
Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation. дальше »
2018-8-15 15:00 | |
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Despite Korea’s Inhibitions, Jeju Island Pushes for ICO Regulations
Spearheading development to establish Jeju Island as a blockchain and cryptocurrency hub, Governor Won Hee-ryong issued a formal request to the Korean government, Aug. 14, to designate the island as a special economic zone for the burgeoning digital asset sector. дальше »
2018-8-15 05:00 | |
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Exchanges Protest as Korea Removes Crypto Businesses from Tax Reduction Bill
Local crypto exchanges and blockchain-related non-profit associations have started to formally protest against the government of South Korea for its controversial decision to remove cryptocurrency businesses from its tax reduction bill. дальше »
2018-8-14 04:00 | |
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South Korea Includes Blockchain Technology as Part of $4.4 Billion Domestic Spending Plan
The South Korean government has launched a 5 trillion won ($4. 4 billion) domestic spending plan aiming to accelerate innovative growth in what it considers to be 8 key sectors in industry and technology. дальше »
2018-8-14 23:31 | |
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Korea Blockchain Enterprise Promotion Association Calls on Government to Regulate Crypto
The recently launched Korea Blockchain Enterprise Promotion Association has called on the state to get a move on crypto and blockchain regulation
дальше »2018-8-8 16:52 | |
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South Korea Bitcoin Transactions Major Line Benefits to End Benefits
Taxes The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. дальше »
2018-8-1 11:31 | |
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South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges
The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. дальше »
2018-8-1 09:55 | |
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Korean Government Seeks to End Tax Breaks for Cryptocurrency Exchanges
The government of South Korea is considering a revision of a law which offers considerable tax benefits to cryptocurrency exchanges. A statement by the Korean government quoted in Coindesk today states that “cryptocurrency transaction brokerage is not effective in generating added value. дальше »
2018-8-1 02:36 | |
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Korean Government Seeks to End Tax Breaks for Cryptocurrency Exchanges
The government of South Korea is considering a revision of a law which offers considerable tax benefits to cryptocurrency exchanges. A statement by the Korean government quoted in Coindesk today states that “cryptocurrency transaction brokerage is not effective in generating added value. дальше »
2018-7-31 03:05 | |
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South Korea’s amended tax system does not offer any major benefit to Crypto transactions
Although the government has considered tax rebates to blockchain firms, crypto exchanges have been exempted from the tax perks. On Monday, the South Korean government proposed some changes to the existing law structure. дальше »
2018-7-30 19:05 | |
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South Korea’s Revised Tax Structure Gives No Major Benefits To Crypto Exchanges
Although the government has considered tax rebates to blockchain firms, crypto exchanges have been exempted from the tax perks. The post South Korea’s Revised Tax Structure Gives No Major Benefits To Crypto Exchanges appeared first on CoinSpeaker. дальше »
2018-7-30 17:12 | |
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The Korean government is paying taxes
Cryptocurrency exchanges in South Korea may soon lose eligibility for significant tax benefits currently granted to smaller companies. A proposed revision to the existing tax law, announced by the South Korean government on Monday, would exclude crypto exchanges from the category of startups or small and medium enterprises (SMEs) that can claim a tax cut дальше »
2018-7-30 16:02 | |
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South Korean authorities to deprive cryptocurrency exchanges of tax benefits
The government of South Korea considers necessary to exclude cryptocurrency exchanges from the category of legal entities with tax privileges. The reason is insufficient added value of such business. дальше »
2018-7-31 14:41 | |
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Korean Government Seeks to Strip Tax Perks From Crypto Exchanges
Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups. дальше »
2018-7-30 12:00 | |
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South Korean Govt Speeds up Legalising Crypto Market Bill
As the cryptocurrency industry reels under pressure due to the high number of crypto crimes and continued security threats, the Regulators urged the government of South Korea to bring in new legislation at the earliest. дальше »
2018-7-27 22:12 | |
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Korean Authorities to Legitimize Crypto Market as Soon as Possible to Prevent Hacks
The government of South Korea and local financial authorities are planning to pass the country’s first crypto and blockchain legislation as early as possible, to legitimize and strictly oversee the local cryptocurrency industry. дальше »
2018-7-26 09:30 | |
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South Korea’s Financial Innovation Bureau Will Legitimize Blockchain and Cryptocurrency
South Korean government officials are taking a very interesting stance on cryptocurrencies. Although they want to bring more legitimacy to this industry, it will need to happen through regulatory efforts first and foremost. дальше »
2018-7-24 19:00 | |
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Cryptocurrency division has been created by South Korea’s financial service commission
South Korea’s Financial Services Commission recently announced a “major organizational reshuffle” to help protect consumers and adapt to changing financial innovations. Part of the reorganization includes a new division to oversee the cryptocurrency sector. дальше »
2018-7-21 17:21 | |
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South Korea’s Financial Services Commission Announces Creation of Cryptocurrency Division
South Korea’s Financial Services Commission recently announced a “major organizational reshuffle” to help protect consumers and adapt to changing financial innovations. Part of the reorganization includes a new division to oversee the cryptocurrency sector. дальше »
2018-7-21 14:00 | |
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South Korean Regulators to Introduce New Cryptocurrency-Related Proposals This Month
A lot of things are changing in South Korea’s cryptocurrency ecosystem. With all major exchanges adhering to self-regulation, the government has bought additional time prior to introducing official guidelines. дальше »
2018-7-14 19:00 | |
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Korea Blockchain Association (KBA): 12 Crypto Exchanges Pass Security Checks, 11 Fail
12 Korean Crypto Exchanges Pass Self Regulatory Probe The Korean Blockchain Association (KBA) just announced the results of a self-regulatory review of Korean exchanges, stating that all exchanges assessed fulfill the minimum requirements established by KBA in April 2018. дальше »
2018-7-13 22:16 | |
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