2024-6-18 12:30 |
South Korea will implement the law on virtual asset user protection by July 19.
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South Korea will review the listings of over 600 tokens on domestic crypto exchanges next month under new regulatory measures. South Korea‘s financial authorities will begin re-evaluating over 600 cryptocurrency listings on domestic trading platforms starting in July, following the…
2024-6-18 10:04 | |
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South Korean law enforcement has struck a blow against social media-fueled crypto scam with the arrest of 19 individuals linked to a deceptive “crypto reading room.” The Daegu Police Agency’s raid, which unfolded on May 21st, exposed a manipulative scheme that preyed on more than 300 unsuspecting investors, swindling them out of a staggering $19 […]
2024-5-26 18:00 | |
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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 | |
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South Korean authorities have raided Chai Corporation, a Seoul-based firm owned by Terra co-founder Daniel Shin. Chai Offices Raided South Korean law enforcers have raided the offices of Chai Corporation,...
2022-11-16 19:59 | |
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Do Kwon, the founder of Terraform Labs, says he is not hiding from South Korean law enforcement. The nation’s prosecutor’s office said it had obtained a global arrest order for the cryptocurrency CEO. The Fall of Terra and Do Kwon’s…
2022-10-19 20:00 | |
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Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported September 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s capital-markets law […] The post Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’ appeared first on CryptoSlate.
2022-9-29 00:46 | |
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Terraform Labs insists that the Luna Classic token is not a security, which is why it shouldn’t be covered by South Korean’s capital-markets law
2022-9-29 23:14 | |
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A Terraform spokesperson claimed that its Luna cryptocurrency wasn’t a security, meaning it wasn’t covered by South Korea’s capital-markets law.
2022-9-29 23:12 | |
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Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a "Red Notice" from Interpol to law enforcement agencies all around the world. In response to charges Kwon is facing in SoutThe post South Korea's Interpol issues 'Red Notice' for Do Kwon- Details inside appeared first on AMBCrypto.
2022-9-26 18:00 | |
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International Police (Interpol) has issued a red notice on Do Kwon, Terra Labs co-founder, according to the information given by South Korean law enforcement officers. South Korea says Do Kwon is to blame for the $60 Billion digital asset wipeout…
2022-9-26 13:50 | |
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The governor of the South Korea Financial Supervisory Service (FSS), Lee Bok-Hyun, has indicated that virtual assets could form part of the country's securities and capital markets law. The post South Korea: Financial Watchdog Chief Says Crypto Can Be Subject to Capital Markets Law appeared first on BeInCrypto.
2022-9-16 13:30 | |
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According to the prosecutors office, all six wanted individuals from Terraform Labs currently reside in Singapore. Manhunt Begins for Do Kwon The law is finally catching up with Do Kwon....
2022-9-14 13:09 | |
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South Korean officials are working on a Metaverse Industry Promotion Law. The government has been taking multiple steps to establish a presence in the web3 sector. The post South Korean Officials Working on ‘Metaverse Industry Promotion Law’ appeared first on BeInCrypto.
2022-9-2 09:34 | |
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Such a decision is governed by the gift and inheritance tax law. According to the Ministry of Economy and Finance, recipients will pay a tax of 10 to 50% for a “gift” in the form of cryptocurrency.
2022-8-25 19:21 | |
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Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.
2022-6-7 12:35 | |
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After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to local media reports.
2022-5-18 19:30 | |
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The South Korean law firm LKB & Partners is reportedly preparing to sue Terraform Labs co-founder and CEO Do Kwon for fraud on behalf of investors financially harmed by Terras...
2022-5-18 15:52 | |
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The long-anticipated presidential directive drops, EU votes on PoW ban, South Korea gets a pro-crypto president.
2022-3-15 20:18 | |
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South Korean lawmakers from the opposition People Power Party (PPP) are formulating a bill aimed at postponing the January 1, 2022 implementation of the 20-25 percent crypto tax law in the nation to 2023.
2021-10-12 23:00 | |
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Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders.
2021-10-11 12:31 | |
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It is no longer news that South Korea is looking to start taxing crypto gains from 2022, however, the Asian country’s minister of Economy and Finance Hong Nam-ki has revealed that the proposed crypto tax law will not be applicable to non-fungible tokens (NFTs).
2021-10-8 19:00 | |
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As the laws are getting stricter in South Korea, tax filings in the country will also include crypto earnings from 1 January 2022, as per local reports. Earlier, South Korean authorities were mulling The post No deferral on taxation law, South Korea to tax crypto gains 2022 onwards appeared first on AMBCrypto.
2021-10-2 19:00 | |
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Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea.
2021-9-20 16:22 | |
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South Korea’s Minister of Strategy and Finance Hong Nam-Ki said that the planned law on taxing cryptocurrencies will come into effect at the beginning of next year. The post Korean Finance Minister vows crypto taxes starting 2022 appeared first on CryptoSlate.
2021-9-19 13:41 | |
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El Salvador made history on Tuesday as the Bitcoin Law came into effect, sanctioning the leading cryptocurrency as legal tender in the South American country. The post Protests in El Salvador intensify following the passing of the Bitcoin Law appeared first on CryptoSlate.
2021-9-11 19:00 | |
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A Chinese court stated that there is no law regarding cryptocurrency, an indication that investors would carry out crypto investment at their peril. No Protection for Chinese Crypto Investors According to the South China Morning Post on Monday (August 23, 2021), an intermediate court in the city of Jinan revealed that cryptocurrency investment and tradingRead More
2021-8-24 05:00 | |
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A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company.
2021-7-8 13:00 | |
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South African law enforcement agencies put two founders of the Africrypt cryptocurrency platform on the wanted list. They fleed with $3.6 billion in bitcoins belonging to users.
2021-6-27 13:45 | |
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In preparation for the go-live of the new crypto exchange law scheduled to take effect in September 2021, South Korean exchanges are actively delisting obscure altcoins from their platforms, as the crypto-supporting lenders including NH Nonghyup Bank, and Shinhan Bank, among others, is now reviewing the operations of these exchanges to ensure they are fullyRead More
2021-6-22 11:00 | |
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Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator.
2021-6-16 15:30 | |
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The government of South Korea is planning to impose a 20% tax on gains from cryptocurrency transactions. The plan is to impose this law starting next year, with the same reiterated by the government oThe post South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead appeared first on AMBCrypto.
2021-5-29 13:30 | |
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South Africa’s Financial Sector Conduct Authority (FSCA) has apologized to a Cape Town-based crypto start, Ovex, less than 24 hours after warning that the firm was operating outside the law. Ovex Does Not Require Licence From FSCA In its May 7 retraction, the financial watchdog said the findings of an investigation into Ovex, which specializes […]
2021-5-9 05:00 | |
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A new survey has revealed that a majority of South Korean investors support the proposed crypto tax law set to be unveiled next year. 53. 7% Support Crypto Gains Tax According to a recent survey sponsored by local television station YTN, many South Korean crypto investors support the government’s move to tax crypto gains.
2021-5-4 19:43 | |
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Despite growing dissent with the planned crypto tax law in South Korea, a recent survey has surprisingly shown a significant level of support for the tax plan. Meanwhile, the country’s government appears set to move forward with the application on the new tax regime come January 2022.
2021-5-4 15:00 | |
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More than half of the survey respondents favored the controversial crypto tax law in South Korea.
2021-5-3 12:02 | |
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South Korea’s Minister of Economy and Finance has stated that the upcoming tax on cryptocurrency trading gains proposed by the government is inevitable. South Korea Not Going Back on Crypto Tax Policy According to Reuters on Tuesday, (April 27, 2021), Hong Nam-ki made the statement at a news conference when asked if the crypto taxRead More
2021-4-28 23:00 | |
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South Korean officials are in talks to delay a crypto taxation law scheduled for later this year, as per a report by local daily Hankyung today. The post Korea weighs delaying crypto taxation laws to appeal to young voters appeared first on CryptoSlate.
2021-4-27 19:00 | |
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South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.
2021-4-27 12:38 | |
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It's typical of government agencies to sell seized Bitcoins during bull runs; with South Korean law enforcement agencies becoming the latest entity that has sold a significant amount of confiscated BiThe post South Korean govt sells 2017 Bitcoins, making $10.8 million profit appeared first on AMBCrypto.
2021-4-2 01:30 | |
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Cryptocurrency exchange OKEx has announced it will be shutting down its South Korea operations amidst the implementation of strict anti-money laundering regulations in the country. OKEx says it’s not willing to comply with the new law Apart from the regulatory concerns, OKEx says the company took the winding down decision because the actual profit from […] The post New regulations forces OKEx South Korea to close operations appeared first on Invezz.
2021-3-25 12:58 | |
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Establishing this law is part of the new wave of regulation in South Korea to operate crypto businesses transparently. Existing firms will have six months to comply with the rules or face strict penalties.
2021-3-19 00:07 | |
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The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial crypto tax plan. According toRead More
2021-2-23 02:00 | |
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South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam.
2020-12-19 04:05 | |
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South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure.
2020-12-3 22:19 | |
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South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting.
2020-12-2 00:00 | |
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The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […]
2020-11-26 00:23 | |
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South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.
2020-11-26 20:59 | |
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South Korea’s National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country’s cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the country.
2020-11-25 16:30 | |
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South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
2020-11-7 12:44 | |
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