2020-12-2 00:00 |
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. origin »
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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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The postponement follows a successful lobbying campaign by local crypto advocates.
2020-12-1 12:43 | |
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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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Continue reading at Coinspeaker
2020-11-25 17:02 | |
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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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The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.
2020-11-25 14:25 | |
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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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During the 16th, 4th Industrial Revolution Committee meeting on June 24, 2020, South Korea’s Ministry of Science and Technology announced plans of developing seven distributed ledger technology-based systems including the launch of a voting and election system by 2022 under the “Blockchain Technology Diffusion Strategy.
2020-6-25 14:35 | |
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In yet another bold step towards becoming the next blockchain hub, the city of Seoul announced on February 18, 2019, that it will offer $1 billion in funding towards blockchain and fintech firms up to the year 2022.
2019-2-21 04:00 | |
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Seoul’s government plans to help fintech and blockchain startups via the “Seoul Innovation Growth Fund,” with an allocated $1 billion in funding by 2022
2019-2-19 17:18 | |
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The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.
2019-2-19 15:40 | |
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Besides IOTA whose buyers have been consistent in the last three days, others are literally stagnant. EOS is still trending below $9 despite the clout surrounding RAM while Litecoin is likely to break above $90 today.
2018-7-3 03:02 | |
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The Ministry of Science and ICT of South Korea revealed a Blockchain Technology Development Strategy on June 21st earmarking a total of 230 billion Won (over of $200M USD) for the development of blockchain-based technology.
2018-6-25 02:00 | |
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The Ministry of Science and ICT of South Korea announced its blockchain technology development strategy on June 21. The government aims to provide 230 billion won (~$207 million) for boosting development of distributed ledger technology in the country.
2018-6-23 14:38 | |
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Despite recent exchange hacks, the blockchain industry continues to thrive in countries worldwide. On June 21, 2018, the South Korean government announced intent to invest over $200 million into blockchain initiatives by 2022.
2018-6-23 15:00 | |
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South Korea’s Ministry of Science and ICT has launched a major Blockchain Technology Development Strategy that aims to raise 230 bln won (~$207 mln) by 2022
2018-6-21 18:34 | |
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The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity…
The declaration of Martial law in South Korea on December 3, 2024, caused chaos for crypto exchanges like Upbit and Bithumb. The crypto exchanges experienced downtimes as investors rushed to manage their assets.
Bithumb announced that it will be launching $TRUMP meme coin on its platform with a base price of 53,350 won three days after its official launch. Bithumb, South Korea’s second largest crypto exchange, will launch the official Trump meme coin,…
Bithumb, South Korea’s second largest crypto exchange, is dropping NongHyup Bank in favor of Kookmin Bank as part of its efforts to tap into the mainstream market. According to a report by The Korea Times on Jan. 13, Bithumb will…
South Korea’s Cube Entertainment is under scrutiny after its CEO, Kang Seung-gon, was accused of allegedly misleading investors into a cryptocurrency investment that resulted in significant financial losses.
South Korea considers easing restrictions on corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors. South Korea is set to allow corporations to invest in cryptocurrencies as the Financial Services Commission is considering a gradual approach…
South Korean conglomerate Lotte Group has tapped the Ethereum layer 2 network Arbiturm to enhance its artificial intelligence-driven metaverse platform, Lotte Caliverse. Announced at CES 2025, Arbitrum’s blockchain, with its 250ms block times, is described by Steven Goldfeder, CEO of…