2024-7-3 08:52 |
South Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens over the next six months.
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Under the proposal, cryptocurrencies would be designated as "prohibited for payment" under the country's credit finance laws.
2024-1-4 19:56 | |
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The regulator was aiming to align crypto reporting standards in line with traditional financial reporting. South Korea has passed laws around crypto regulations in recent months. The South KThe post South Korea takes a stern stand on crypto with this new directive appeared first on AMBCrypto.
2023-7-12 17:00 | |
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South Korea’s National Assembly has officially approved new legislation to safeguard users of virtual assets and amend the country’s capital market law. It prohibits unjust trading practices and provides user protection.
2023-7-2 15:39 | |
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South Korea’s National Assembly has officially approved new legislation to safeguard users of virtual assets and amend the country’s capital market law. It prohibits unjust trading practices and provides user protection.
2023-6-30 15:39 | |
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The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations.
2023-6-7 12:43 | |
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The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced.
2023-5-15 18:14 | |
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National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred.
2023-5-9 22:00 | |
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Andy O'Connell, Meta's VP of product policy and strategy, met with South Korea's official media regulation agency to discuss ways to better protect users in the Metaverse. The post South Korea and Meta Working on Metaverse Safety Laws appeared first on NFT News Today.
2022-9-22 04:02 | |
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The Catawba Digital Economic Zone in South Carolina hopes to attract crypto companies to remotely incorporate under its laws.
2022-7-13 17:00 | |
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South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.
2022-7-14 14:00 | |
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When it comes to cryptocurrency, the South American country Argentina from crypto adoption to regulations, has a long list of hot topics. As well as, according to a recent news report by local media, the tax office in Argentina has confiscated more than 1,200 cryptocurrency wallets that were connected to delinquent taxpayers. The laws and […]
2022-7-2 12:00 | |
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With the collapse of Terra’s LUNA and UST stablecoin sending shockwaves across the global virtual currency market, Korean financial authorities have vowed to fast-track regulations aimed at protecting consumers from such risks.
2022-5-20 01:06 | |
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According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country.
2022-5-19 11:33 | |
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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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“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae.
2021-9-17 20:15 | |
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Cryptocurrency investors in South Korea may have to revisit their tax filings to include crypto earnings as the laws get stricter. The government of South Korea recently proposed a revision of its taxThe post South Korea to amend tax laws for addressing tax evasion by crypto investors appeared first on AMBCrypto.
2021-7-27 03:00 | |
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The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today.
2021-5-7 19:00 | |
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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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The South Korean financial authorities are tightening up regulations in a bid to combat illegal transactions and money laundering. The post South Koreans to Face Tougher Crypto Laws to As Regulators Tackle Cases of Money Laundering first appeared on BitcoinExchangeGuide.
2021-4-21 23:51 | |
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OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday.
2021-3-24 12:48 | |
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The laws will come into effect on March 25, a statement reads. The post South Korea Revises Penalties to Strengthen KYC/AML Compliance Across Crypto Exchanges first appeared on BitcoinExchangeGuide.
2021-3-12 19:32 | |
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South Korea’s National Assembly has approved the postponement of the country’s 20% cryptocurrency tax enforcement until early 2022. This conclusion was reached after recent regulatory talks concerning the amendment of several tax laws in the country.
2020-12-1 13:34 | |
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South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021.
2020-11-25 13:20 | |
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Privacy coins like Monero (XMR) and Zcash (ZEC) will become illegal in South Korea from Mar. 2021. The news is the latest assault on encryption and privacy as regulators enact laws targeting such protocols amid intensifying anti-money laundering (AML) efforts.
2020-11-19 18:48 | |
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Will this legal contradiction be resolved before the deadline?
2020-9-25 03:01 | |
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The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law.
2020-5-28 23:30 | |
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Crypto-taxing has been talked about a lot lately. While South Korea's regulators recently stated that taxes cannot be imposed on crypto-profits, Spain’s tax agency, the Agencia Estatal de AdministraThe post Bitcoin: Are current crypto-tax laws hindering coin's adoption? appeared first on AMBCrypto.
2020-4-19 00:30 | |
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The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space.
2020-3-10 21:00 | |
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The past couple of days have been spectacular in terms of bolstering crypto adoption. Financial regulators and lawmakers in India, South Korea, Germany, and France have softened their stance towards crypto through the passing of crypto-friendly laws.
2020-3-8 10:36 | |
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South Korea’s National Assembly has just passed regulations that will result in a ‘restructuring of cryptocurrency exchanges. ’ The ramifications of the new laws are enormous, resulting in mandating real-name accounts on exchanges as a means to curb money laundering.
2020-3-5 15:10 | |
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Ledger closed a partnership with FLETA, which is a blockchain platform for decentralized applications (dapps) based in South Korea, to offer custodian services that comply with the local laws. Ledger has created Ledger Vault in an attempt to offer its institutional-lever services to more clients.
2020-1-23 20:36 | |
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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.
2020-1-17 13:58 | |
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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.
2020-1-18 13:58 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading.
2019-12-30 16:00 | |
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Bitcoin has turned bearish again this week following an 18% climb the previous week. Market sentiment is generally negative and analysts are eyeing further losses and a return to the $6k level. Is BTC still that overvalued? According to Metcalfe’s Laws BTC is Overvalued Bitcoin took another turn south during early Asian trading today when it fell almost 3% in just over an hour.
2019-12-4 12:00 | |
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Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry.
2019-12-3 16:40 | |
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Are 97% of Korean exchanges really on the verge of closure? Banks have been putting pressure on local players, but recent developments show the situation can finally change
2019-10-7 12:30 | |
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Although South Africa ended 50 years of segregationist laws making up the Apartheid in 1991, a city called Orania established its roots in the same year along the Orange River in the Karoo region of the Northern Cape province to bring back many of these divisive values.
2019-6-12 19:00 | |
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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.
2019-6-1 21:48 | |
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Ethereum co-founder Vitalik Buterin and a bipartisan group of lawmakers urged the South Korean government to deregulate the blockchain industry. They say the current laws are overly restrictive and therefore, inhibit innovation.
2019-4-7 14:15 | |
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In recent times, it would seem like the governments in a few countries keep looking for new ways to control and profit off cryptocurrencies. Some countries including Chile, Romania, Spain and South Africa, are making laws that not only tax crypto assets but also force citizens to reveal their cryptocurrencies in their home country and […]
2019-1-30 16:23 | |
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Cryptocurrency’s resistance to government control is countered by the fact that a number of governments, including Chile, Romania, Spain and South Africa, are looking to cash in by taxing crypto assets.
2019-1-29 21:15 | |
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A South African law firm has published a short essay on proposed tax legislation for cryptocurrency in the country. Cox Yeats Attorneys, a Durban-based firm, argues that the Taxation Laws Amendment Bill, published by the National Treasury in July, will be bad for the digital asset industry, according to local media reports.
2018-11-26 18:15 | |
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The Korea Bar Association is calling on the government to put in place laws guiding digital currency and investor protection. Bar Association Calls for Cryptocurrency Laws According to Reuters, South Korean lawyers called on the government to create laws that would enable the development of the digital currency industry and improve investors’ protection in the […] The post Cryptocurrency Investor Protection Laws are Necessary, says Korean Bar Association appeared first on Ethereum World News.
2018-11-9 16:55 | |
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Aiming to create an SEC and FINRA-compliant U. S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.
2018-11-1 19:06 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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Law and order dominates. Inevitably for policy makers, they are now drafting laws after realizing Bitcoin and cryptocurrencies are here to stay. Regulators in Japan, South Korea and Thailand were the first to pick up early signals but now, the wave is sweeping across Europe.
2018-10-9 06:00 | |
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