Its Stance on Crypto To Become Blockchain Haven South Korea Reviews

2018-6-29 16:34

Brief history of crypto regulation in South Korea South Korea has been closely regulating the crypto industry.
The demand for crypto was so high that cryptocurrencies were traded at prices more than 30 percent higher than in other countries.
On January 22, the South Korean government also announced a substantial tax levied on local crypto exchanges.
Indeed, South Korea has been nurturing big plans for blockchain and recently started to act on them.
Kakao is a major South Korean internet company and service provider for major South Koreans with its mobile messaging app KakaoTalk.

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Источник: bitcoints.com

crypto south → Результатов: 103

South Korean prosecutors seek 6 months for lawmaker who allegedly hid crypto

National Assembly member Kim Nam-kuk left South Korea’s Democratic Party in 2023 after allegations of cashing out $4 million in crypto holdings.

2024-12-19 20:10
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XRP, Bitcoin feel the heat as South Korean crisis shakes crypto markets

The crypto and financial market in Seoul reacted to the martial law declared. BTC and XRP saw major impact, but rebounded. South Korea’s declaration of martial law and its rapid reversal hThe post XRP, Bitcoin feel the heat as South Korean crisis shakes crypto markets appeared first on AMBCrypto.

2024-12-4 17:00	News
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South Korean regulator to review crypto ETF approval: report

South Korea’s financial watchdog is reportedly set to review the approval of spot crypto ETFs and the legalization of corporate crypto accounts through a newly formed committee. South Korea, which has been cautious in its approach to crypto regulation, is…

2024-10-10 16:20	Upbit
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South Korea's strict laws on crypto exchanges come into force

The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19.

2024-7-21 11:07
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Crypto exchanges in South Korea now required to hold 80% of assets in cold storage

South Korea’s first major set of cryptocurrency regulations is now live to safeguard crypto investors in the nation. The new framework introduces stringent requirements for Virtual Asset Service Providers (VASPs).

2024-7-20 12:18	South Korea
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South Korea's latest crypto law - Here's everything to know!

South Korea crypto exchanges to implement new monitoring systems by 19th July. The virtual assets user protection act (VAUPA) will introduce regulations to prevent unfair crypto trading practThe post South Korea's latest crypto law - Here's everything to know! appeared first on AMBCrypto.

2024-7-16 18:00	News
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South Korea mulls delaying 20% crypto tax amid local pressure

South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…

2024-7-15 10:11	Taxes
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Crypto Crackdown In South Korea: New Unit To Hunt Down Criminals

South Korea, a nation long enamored with cryptocurrency, is tightening its belt on the digital asset frontier. Faced with a surge in crypto-related crimes, the country is bolstering law enforcement and implementing its first-ever comprehensive crypto regulation, set to take effect in July 2024.

2024-4-29 11:55	South Korea
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South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.

2024-4-29 10:00
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Crypto.com to launch services for retail traders in South Korean market

Singapore-based crypto exchange Crypto.com is set to launch services in South Korea, two years after acquiring local crypto exchange OK-BIT. Crypto.com announced in a blog post on Apr. 2 that it’s planning to launch the Crypto.com App in South Korea…

2024-4-2 10:12	South Korea
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Crypto.com to launch retail trading services in South Korea

Crypto.com is launching a crypto trading platform in South Korea after its acquisition of OK-BIT, a local crypto exchange.

2024-4-3 08:52	South Korea
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South Korea Tightens Crypto Reserves: A Mandate for Local Crypto Exchanges

South Korea intensifies regulatory oversight of its crypto exchanges, mandates significant reserve holdings to protect consumers.

2023-8-28 13:30	News
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South Korea sets rules for clear accounting in crypto

The South Korea Financial Services Commission reviewed and approved the exposure draft for revising Corporate Accounting Standards to enhance transparency in crypto

2023-7-14 21:56	South Korea
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South Korea to ask firms to disclose crypto holdings from 2024

After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.

2023-7-12 15:05	Government
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South Korean Regulator Sets Crypto Reporting Guidelines for Its Employees

South Korea's Financial Services Commission (FSC) has ordered its employees to report their cryptocurrency holdings. The move is part of the country's efforts to regulate the crypto market. The post South Korean Regulator Sets Crypto Reporting Guidelines for Its Employees appeared first on BeInCrypto.

2023-7-6 10:01
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Crypto Murder Drives Urgent Need for Regulations in South Korea

A murder case in South Korea arising from a crypto dispute is forcing authorities to speed up the implementation of crypto regulations. The post Crypto Murder Drives Urgent Need for Regulations in South Korea appeared first on BeInCrypto.

2023-5-18 13:45
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South Korean Authorities Investigate Lawmaker Over Alleged Crypto Transfers

There’s a rumor of a conflict of interest around the South Korean opposition lawmaker Kim Nam-Kuk over crypto transactions. The growing domestic outrage alleged that Kim liquidated over $4 million worth of crypto assets before the lawmakers would enforce the Financial Action Task Force Travel Rule.

2023-5-10 00:00	South Korea
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South Korea probing native tokens of crypto exchanges

South Korea’s Financial Intelligence Unit (KoFIU) sent requests to all crypto exchanges domiciled in the country to submit records of self-issued tokens.

2022-11-21 14:13	South Korea
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South Korean lawmakers seek tough punishments for crypto fraud

The National Assembly of South Korea is collaborating with the country’s Financial Services Commission on a bill that seeks to introduce greater oversight of crypto firms and introduce tough punishmThe post South Korean lawmakers seek tough punishments for crypto fraud appeared first on AMBCrypto.

2022-11-2 20:00	News
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South Korea Plans to Tax Crypto Airdrop Recipients: Report

South Korea’s Ministry of Economy and Finance has said crypto airdrops could be subjected to a gift tax of between 10% and 50%.

2022-8-23 14:56	policy
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South Korea Delays Crypto Tax Until 2025

South Korean authorities have yet again postponed imposing crypto tax until 2025, mentioned in the official announcement. This new proposal aligns with the new President Yoon Suk-yeol’s view, which is of the opinion that crypto taxation is secondary.

2022-7-23 07:00	South Korea
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What Could Change For South Korea’s Crypto Regulations

The new president of South Korea Yoon Suk-yeol wants the country to lead the crypto market. Recently, he vowed to deregulate the virtual asset industry and expects to set a more amicable regulatory framework in order to promote local growth.

2022-3-18 00:00
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After approval, can Bithumb shake Upbit's crypto monopoly in South Korea

H2: Bithumb crypto approval to compete with Upbit's market dominance in South Korea South Korea's anti-money laundering unit recently approved Bithumb's application to enable crypto services after The post After approval, can Bithumb shake Upbit's crypto monopoly in South Korea appeared first on AMBCrypto.

2021-11-22 20:30	News
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South Africa may disallow crypto investments for pension funds

South Africa features in the top 20 countries in the world, in terms of crypto adoption. Also, in a first, crypto trading in the country recently exceeded $141 million levels. Having said that, a The post South Africa may disallow crypto investments for pension funds appeared first on AMBCrypto.

2021-10-31 04:30	News
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South American Countries Are Interested In Adopting Bitcoin: Who Will Be Next?

Since Bitcoin was adopted as legal currency in El Salvador, the crypto world is watching and waiting for who will be next. There could be a few South American countries to vote for legalizing crypto and paving the way for crypto infrastructure sooner rather than later.

2021-6-17 21:43	el salvador
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South Korean regulators parley with 20 crypto exchanges

The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight.

2021-6-5 15:06
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South African Regulator Warns Crypto Investors to ‘Be Prepared to Lose All’ Following Collapse of Bitcoin Trading Company MTI

The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated.

2021-2-6 22:30
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South Korean National Assembly Passing Of Two Amendments, Making Crypto Legal

First, it was India, now South Korea has taken a positive step towards cryptocurrencies. The recent amendment of the Act on Reporting and Use of Specific Financial Information passed today during a session of the National Assembly, which officially allows crypto trading and holding.

2020-3-6 21:03	Legal & Regulation
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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.

2020-1-20 16:00	South Korea
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South Korean Committee Passes Bill Enforcing FATF Crypto Rules

South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force.

2019-11-27 09:20	Regulation
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South African Crypto Exchange Hits Milestone 3M Wallets, $5M Volume

Major South Africa’s crypto exchange Luno continues growing, having operated more than $5 million worth of crypto in August

2019-9-11 16:03	Adoption
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South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies

South Korea will allow the city of Busan to relax some crypto restrictions in order to become a blockchain testbed.

2019-8-2 17:30
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South Korean Establishes a Pan-Governmental Gathering to Address Growing Crypto Interest

A pan-governmental meeting was made in South Korea recently in order to monitor more closely the crypto market of the country. According to reports from KBS World Radio, a local broadcasting station in the country, one of the reasons why the meeting was proposed was to discuss the market after the prices of crypto started […]

2019-5-29 08:33	Legal & Regulation
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South Korean Government Works On Blockchain Regulations Due To A Growing Crypto Market

South Korean Government Works On Crypto Regulations Due To A Growing Crypto Market South Korea, one of the most active countries in the crypto market, could be working on new regulations for the cryptocurrency market as it continues to expand.

2019-5-28 20:54	Legal & Regulation
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South Korea Convenes Pan-Governmental Meeting Amid Concern Over Crypto Market Spike

A South Korean pan-governmental meeting has reportedly been held to establish closer monitoring of the country’s crypto space amid the recent sharp uptick in crypto valuations

2019-5-28 13:51	Government
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Tech giants lead crypto adoption in South Korea

Samsung is not the only South Korean company embracing crypto - as LG, Hyundai and others spearhead wider crypto adoption in the country.

2019-5-4 16:00	BNC insights
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South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation Paper

South African central bank has issued a jointly developed consultation paper, revealing that it does not intend to ban crypto

2019-1-18 01:50	Africa
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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.

2019-1-17 06:04	ZCash
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South Korean Regulator Launches Initiative to Improve Relationship with Crypto

The South Korean financial watchdog, Financial Services Commission (FSC), has created the Financial Innovation Bureau to oversee and nurture the crypto sector as part of the fourth industrial revolution.

2018-7-20 21:00	South Korea
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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country.

2018-6-29 16:55	Virtual Currency
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All the ways you lose your Bitcoin – Bloomberg

Not Really Your FaultPhone Porting Pretty basic: Scammers hijack people’s mobile accounts by calling their carriers and impersonating them. The thieves get their victims’ numbers transferred to new devices and ultimately gain access to crypto accounts.

2018-6-29 14:02
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South Korea Reviews Its Stance on Crypto To Become Blockchain Haven

To approach the fourth industrial revolution, South Korea has to drop that ICO ban

2018-6-29 13:47	Regulation
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A New Yearly Low Looms as Crypto Markets Continue Bleeding

FOMO Moments Crypto land is in pain; Bitcoin Cash, EOS, Cardano and Monero are all hurting. The downward pressure has continued as the week draws to a close with markets plummeting further again today.

2018-6-29 08:04
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Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency.

2018-6-29 04:55	XRP
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South Korean Financial Watchdog Releases Stricter AML Guidelines for Virtual Currencies

South Korea’s Financial Services Commission released new AML guidelines that require crypto exchanges to conduct proper customer ID due diligence

2018-6-29 21:55	Cryptocurrency Exchange
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31 mln to 17mln is what crypto bithumb reduces hack loss estimation to!

Hacked South Korea crypto exchange Bithumb has lowered the estimated amount of money lost in the hack from 35 billion won (about $31 million) to 19 billion won (about $17 million), according to a support announcement Thursday, June 28.

2018-6-28 18:23	South Korea
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How to retrieved $14 million hacked cryptos

As previously reported by CoinDesk, Bithumb, one of the largest crypto exchanges in South Korea and the world by trading volume, was hacked on June 20 – an event that saw 35 billion Korean won ($31 million) in various cryptocurrencies stolen.

2018-6-28 16:50	XRP
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Contradictory Reports Emerge on Crypto Taxation in South Korea

One of the most controversial topics in the crypto industry, taxation, has yet to be settled by regulators. The industry has been kept guessing what policies regulators will eventually agree on, and with different regions and countries having very different outlooks on cryptocurrency, there is no telling what laws to anticipate. The South Korean crypto […]

2018-6-27 17:00	South Korea
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Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts

Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.

2018-6-27 12:40	Republished
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South Korean Governor Becomes the First Politician to Disclose Publicly His Cryptocurrency Holdings in the Country

Regardless of the political turmoil that arose in South Korea due to the crypto-related regulations, a leading politician had come forward to reveal that he had made investments in virtual currencies publicly.

South Korean Deputy Prime Minister Eases Anti-Crypto Rhetoric, Aims to Create More Domestic Market Opportunities

The South Korean government seems to be easing its anti-crypto tone, as the Deputy Prime Minister came forward with a statement that opened the doors for future open dialogue on virtual currency topics.

Multiple Crypto Exchange Hacks Lead to Detailed Plans Made by Korean Government

Regulation Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges.

Korean crypto exchanges step up to aml compliace. Banks are burning out

Regulation As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance.

2018-6-29 16:34

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