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South Korea’s Central Bank Set To Use Blockchain Technology For Bond Transactions
Bank of South Korea, the country’s central bank, has become the latest central bank to explore blockchain technology to enhance efficiency as well as transparency in interbanking processes. South Korea’s central bank is now seeking to emulate the World Bank which successfully introduced the use of blockchain technology in bond transactions. According to Cointelegraph the […] дальше »
2020-2-19 01:10 | |
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South Korea Set to Impose Crypto Tax on Trading Profits
The South Korean government is making plans to implement a 20 percent crypto taxation policy on income and profits made from crypto trading and transactions. 20 Percent Crypto Tax Coming to South Korea According to reports from PulseNews, the South Korean government is making plans to implement a new crypto tax policy on gains fromRead MoreRead More. дальше »
2020-1-20 16:00 | |
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South Korea considering the imposition of 20% tax on crypto-profits
South Korea's finance ministry might be planning to impose a 20 percent tax on income gained from cryptocurrency transactions, according to a recent Korea Herald report. The report quoted a governmentThe post South Korea considering the imposition of 20% tax on crypto-profits appeared first on AMBCrypto. дальше »
2020-1-20 10:19 | |
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Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea
Bitcoin Cash has been added to Mecon Cash’s M. Pay platform which is integrated with over 13,000 ATMs in South Korea. By making bitcoin cash usable for withdrawing won across the country, Mecon Cash is ensuring that BCH users in Korea can always make urgent and small transactions in any place that still does not accept […] The post Bitcoin. дальше »
2020-1-20 09:55 | |
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Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. дальше »
2020-1-17 13:58 | |
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Bithumb Takes Korean Tax Authority to Court Over ‘Groundless’ Crypto Tax
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. дальше »
2020-1-18 13:58 | |
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Propy Completes Real Estate Transaction Using Blockchain
Global property store and decentralized title registry Propy completed a blockchain trial for real estate transactions in the U. S. city of South Burlington, Vermont. The project lasted for six weeks in which Propy used his blockchain registry to register property deeds alongside the city Land Recorder’s office. дальше »
2020-1-10 12:00 | |
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Government Confirms Crypto Profits Not Taxable in South Korea
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency. дальше »
2020-1-2 08:15 | |
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South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. дальше »
2019-12-31 00:40 | |
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South Korea Seeks to Tax Transactions Involving CryptoCurrencies In 2020
Capital gains from transactions involving virtual currencies such as bitcoin may soon be taxed in South Korea, according to a report by the Korea Times. The publication refers to government sources, and confirmation received from the Ministry of Economy and Finance. дальше »
2019-12-9 21:01 | |
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South Korea: Government Mulling Taxing Cryptocurrency Capital Gains
The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019. South Korean Authorities Taming the Crypto Conundrum In their short history, cryptocurrencies haven’t exactly been able to earn the trust of a large number of financial watchdogsRead MoreRead More. дальше »
2019-12-9 18:00 | |
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Six Korean Fintech Firms Join Hands To Develop A Blockchain For OTC Securities Trading
Six fintech companies in South Korea have signed an agreement to create a blockchain-based platform that will help in trading of unlisted securities. CoinDesk reports that the aim of the consortium is to create a blockchain platform that will reduce the costs of transactions, fasten them and make them secure. The platform will aim at […] дальше »
2019-8-9 00:54 | |
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XRP outperforms BTC, ETH; records the most number of transactions in the last 24 hours
Despite a lot of FUD surrounding Ripple, it continues to grow. The Brad Garlinghouse-led firm has developed itself to be one of the most ambitious blockchain companies which had continued to rope-in institutional support. дальше »
2019-7-21 17:00 | |
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MoneyGram partners with South Korea’s Sentbe; Is Ripple part of the deal?
One of the world’s largest money transfer companies, MoneyGram, has announced a partnership with Sentbe, another money transfer company based in South Korea, making the latter the first MoneyGram virtual agent in the country. дальше »
2019-7-20 16:30 | |
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Ban of the US Dollar & Foreign Currencies Driving Bitcoin Demand in Zimbabwe
Ten years ago, Zimbabwe scrapped its national currency after the inflation rate climbed astronomical levels. Now, a decade later, the Zimbabwe dollar is making a comeback. But Zimbabwean expect the new currency to tank. дальше »
2019-7-11 21:18 | |
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Bitcoin Use Soars in Zimbabwe After Foreign Currencies Ban
Peer-to-peer Bitcoin exchange of LocalBitcoins has continued to soar after the Zimbabwe government implemented a ban on foreign currency transactions. Zimbabwe: Bitcoin or Bust As reported by Quartz Africa, Peer-to-peer Bitcoin transactions in Zimbabwe recently reached a new high after President Emmerson Mnangagwa reinstated the Zimbabwe dollar. дальше »
2019-7-11 15:00 | |
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Top South Korean Utility to Co-Develop Blockchain System for Renewable Energy Certificates
South Korea’s top power provider has signed a contract with two domestic power suppliers to create a blockchain-based system for Renewable Energy Certificate transactions
дальше »2019-6-4 16:19 | |
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Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet. дальше »
2019-6-1 21:48 | |
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Infographic: An Overview of Compromised Bitcoin Exchange Events
The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2. дальше »
2019-5-25 21:56 | |
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Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges
Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global. дальше »
2019-4-24 22:55 | |
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Bitcoin at $5,000: What Has Changed Since 2017
This article was originally published by 8btc and written by Olusegun Ogundeji. Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019. дальше »
2019-4-4 18:42 | |
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Launch of HYBSE Lesotho New Stock Exchange
Lesotho, South Africa, March 20, 2019 – HYBSE Lesotho (PTY) Ltd. (HYBSE) has launched its exchange today, which allows traders to exchange and trade all financial instruments on a distributed ledger technology (DLT). дальше »
2019-3-22 10:21 | |
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South Korea’s Biggest Messaging Platform KakaoTalk Plans a Crypto Wallet Integration
Coinspeaker South Korea’s Biggest Messaging Platform KakaoTalk Plans a Crypto Wallet IntegrationKakaoTalk wants to leverage blockchain-based crypto transactions providing instant and low-cost payments facility to its 44 million users. дальше »
2019-3-19 11:36 | |
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Big Fat Pump: Crypto.com Chain (CRO) Jumps 168% in a Day
A cryptocurrency had bulls for breakfast this Tuesday, with steroids as a topping. Crypto. com Chain, a blockchain project which reportedly enables instant crypto transactions, saw its native token CRO jump as much as 168 percent today. дальше »
2019-3-13 20:10 | |
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Embezzlement, $26 Million Loss Bankrupts Korean Crypto Exchange Coinbin
Coinbin, the South Korean Cryptocurrency exchange which took over hacked exchange Youbit, is filing for bankruptcy with losses equating to over $26 million. Cryptocurrency and Cash Transactions Stopped According to reports by Business Korea, the bankruptcy announcement was made by Coinbin CEO Park Chan-kyu on February 20, 2018. дальше »
2019-2-25 22:01 | |
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New Samsung Galaxy S10 Includes Baked-In Storage for Private Keys
Samsung announced on February 21, 2019, that their newest phone, the Galaxy S10, will include secure storage for its users’ cryptocurrency private keys. The company made a press release detailing the phone’s many features, notably including Samsung’s proprietary defense platform, Samsung Knox, which will feature secure private key storage that is claims is specifically “for blockchain-enabled mobile services. дальше »
2019-2-22 00:57 | |
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Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation
On Sunday, Feb. 10, the creators of the charitable organization Eatbch, a nonprofit food drive powered by bitcoin cash, celebrated its one-year anniversary. Eatbch has come along way since its inception feeding Venezuelans thousands of meals alongside branching out to other less fortunate regions like South Sudan. дальше »
2019-2-12 00:55 | |
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Iran in Crypto Talks with Germany, England, France, Switzerland
Iran is holding talks with major European nations as well as Russia, South Africa and Bosnia on carrying trade through crypto transactions according to a very brief report by the... The post Iran in Crypto Talks with Germany, England, France, Switzerland appeared first on Trustnodes. дальше »
2019-1-30 19:39 | |
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CoinZest Airdrop Event Goes Wrong, Customers Receive $5.3 Million Worth of Crypto
CoinZest, a South Korean cryptocurrency exchange has been left with no choice but to roll back all transactions on its servers after it mistakenly airdropped bitcoin and altcoins amounting to $5. 3 million to its clients, instead of the intended We Game tokens (WGT), according to local news source, CoindeskKorea on January 19, 2019. дальше »
2019-1-23 14:00 | |
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Two Former Executives Jailed for Faking Cryptocurrency Transaction Volumes
On January 17, 2019, two former executives from Komid, a South Korean cryptocurrency exchange, were jailed for three and two years respectively for using fake accounts to fraudulently inflate transactions on the exchange. дальше »
2019-1-22 22:00 | |
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South Africa Wants to Mandate Registration of Crypto Service Providers
A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto assets this week. According to the document, all exchanges, wallet providers, Bitcoin ATMs and payment processors will have to register with the government in 2019. дальше »
2019-1-18 00:25 | |
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South Africa Cracks Down On Crypto, May Track Bitcoin (BTC) Transactions
South Africa May De-anonymize Bitcoin Per an article from Business Insider’s South Africa-based branch, the Reserve Bank (Sarb) will be releasing a “policy paper” regarding Bitcoin (BTC) and the broader crypto ecosystem in the coming months. дальше »
2019-1-17 06:04 | |
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New BitGo Partnership Lets Clients Trade Crypto Directly From Cold Storage
American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors. дальше »
2019-1-17 01:02 | |
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South Africa to Start Tracking All Cryptocurrency Transactions in 2019
Owning bitcoin in South Africa just got a little harder, or at least it will do by the end of quarter one this year. According to a consultation paper published yesterday by the South African Reserve Bank (SARB), some hefty new regulation surrounding and exchanges and ATMs is about to be enforced. дальше »
2019-1-16 23:00 | |
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South Korea Submits Six Cryptocurrency-Related Bills To The National Assembly For Market Regulation
South Korea Submits Cryptocurrency-Related Bills To The National Assembly To Regulate The Market According to data provided to news. Bitcoin. com by South Korea’s top financial regulator, the Financial Services Commission (FSC). дальше »
2019-1-1 23:42 | |
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South Korea Ends Year With 6 Bills to Regulate Crypto Industry
South Korea’s top financial regulator has exclusively shared with news. Bitcoin. com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions. дальше »
2018-12-31 07:58 | |
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South Korea: Authorities Nab Nine People for Dealing Drugs Using DarkCoin Cryptocurrency
According to a report published by Finance Magnates, on December 25, 2018, South Korean authorities have arrested nine cybercriminals for orchestrating drug deals using cryptocurrencies. Execute Illegal Transactions with DarkCoin On December 23, 2018, the Seoul Central District Prosecutors’ Office stated that the criminals arrested used the darknet and even set up their website to facilitate the trade of drugs. дальше »
2018-12-26 20:00 | |
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Korea’s UPbit Crypto Exchange Sees 3 Executives Charged With Fraud For Bogus Bitcoin Transactions
Three Executives Of Upbit Charged With Fraud One of the largest exchanges in South Korea, Upbit, has recently seen three of its senior executives be charged with fraud by prosecutors of the country. The Prosecutors’ Office of Seoul has seen three of the most important members of the company, including Song Chi-Hyung, the founder of […] дальше »
2018-12-21 20:09 | |
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The UPbit executives indicted for fraud
The executives South Korea’s cryptocurrency exchange UPbit have been formally charged by the country’s prosecutors, CoinDesk reported. The Prosecutors’ Office of the southern district of Seoul has indicted three senior staff members, including founder Song Chi-Hyung, on charges of fraud. дальше »
2018-12-22 16:29 | |
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The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched
In The Daily on Monday, a new digital coin project targeting the ‘Yellow Vest’ protesters is promising censorship-free crypto transactions. Also, a regulated security token trading platform is now live in the U. дальше »
2018-12-17 15:55 | |
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7 Major Exchanges in Korea Agree on Joint Measures
Seven major crypto exchanges in South Korea have joined forces to create a sound cryptocurrency ecosystem. They have agreed on joint measures such as information sharing and real-time monitoring of abnormal transactions. дальше »
2018-12-12 09:45 | |
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South Korean bank wants to use blockchain to reduce human error
South Korea’s second largest bank is in the middle of rolling out a blockchain-based system designed to reduce human error. Shinhan Bank is using the blockchain for Interest Rate Swap (IRS) transactions. дальше »
2018-12-10 14:38 | |
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Huobi Group Sets Up Communist Party Committee in Beijing
As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company. дальше »
2018-11-20 00:18 | |
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