2026-1-1 00:00 |
South Korea's ruling Democratic Party is working to consolidate several lawmaker proposals into a revised digital asset bill. origin »
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South Korea’s financial authorities are preparing for the second phase of virtual asset legislation to regulate various aspects of the country’s crypto market, local media ChosunBiz reported on June 5.
2023-7-5 13:55 | |
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South Africa reportedly becomes the first country on the continent to require digital asset exchanges to be licensed.
2023-7-5 11:18 | |
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South Korea's National Assembly has passed its first standalone legislation for digital assets, the Virtual Asset User Protection Act, which establishes safeguards for crypto traders and users, and mandates supervision of virtual asset services providers.
2023-7-4 11:12 | |
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In a landmark move, South Korea has passed a significant piece of legislation aimed at safeguarding users in the rapidly evolving cryptocurrency sector. The Virtual Asset User Protection Act, approved by the National Assembly, is set to revolutionize the crypto landscape in the country.
2023-7-3 14:19 | |
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The bill marks the country's first step towards a digital asset legal framework.
2023-7-3 08:52 | |
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South African crypto investment company Revix has announced it will be withholding 24% of customers’ crypto balances. This comes in the wake of one of its partners, Haru Invest, unexpectedly suspending all deposits and withdrawals on its platform.
2023-6-30 22:00 | |
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The South Korean National Assembly passed the Virtual Asset User Protection Act on June 30 during a plenary session, local media SBS reported. The legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities.
2023-6-30 21:50 | |
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Over one year after the collapse of Do Kwons Terra empire, South Korea is taking decisive action. The government has passed a groundbreaking piece of legislation, the Virtual Asset User...
2023-7-1 18:16 | |
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XRP has surpassed Bitcoin in terms of trading volume on Bithumb
2023-6-28 19:50 | |
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South Korean prosecutors have barred Haru Investment executives from traveling out of the country following criminal complaints of “serial suspending withdrawals” fraud, according to a Digital Asset June 25 report.
2023-6-26 13:00 | |
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Over the past decade, cryptocurrency has gained significant traction globally, and Asia has been no exception. As a result, the Asian market has emerged as a pivotal player in the digital asset landscape, with countries like China, South Korea, and Japan leading the charge.
2023-6-15 18:44 | |
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2023-5-28 18:54 | |
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In a surprising turn of events, XRP, the native cryptocurrency of the Ripple network, has overtaken Bitcoin (BTC) as the most traded asset on the largest South Korean cryptocurrency exchanges by trading volume, Upbit and Bithumb.
2023-5-24 15:20 | |
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FLOKI, meme-inspired cryptocurrency competitor of Shiba Inu, has made its entrance onto South Korean digital asset market with recent listing on Bithumb
2023-5-18 18:50 | |
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XRP also top traded asset on Upbit and Korbit
2023-5-18 18:15 | |
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Asset tokenization grows in South Korea as banks seek safer ways to engage with crypto. The post Real-World Assets Lending Protocol Under Development in Korea appeared first on BeInCrypto.
2023-5-4 13:26 | |
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On April 25, the South Korean parliament’s National Policy Committee passed the first step of the country’s crypto bill, the Virtual Asset Investor Protection Act.
2023-4-25 17:49 | |
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A South African citizen and two U.S. nationals are among the five individuals charged in Miami for manipulating the HYDRO virtual asset created by the Hydrogen Technology Corporation.
2023-4-25 17:17 | |
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OMG Network (OMG) and Serum (SRM) will be jointly delisted from South Korean exchanges that are a part of the digital asset exchange body. The post Korean Exchanges Delist OMG Network (OMG) and Serum (SRM) Amid Functionality Concerns appeared first on BeInCrypto.
2023-4-12 12:30 | |
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Coinspeaker South Korean Crypto Exchange GDAC Temporarily Suspends Deposits and Withdrawals after $14M Hack The GDAC hot wallet hack occurred on April 9 when the perpetrator transferred the asset to unidentified crypto addresses.
2023-4-11 13:03 | |
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Klaytn is a public blockchain platform developed by South Korean internet giant Kakao Corp. The blockchain plans on establishing KLAY as a deflationary asset. It also wants to provide more tools for developers who want to launch products on the network.
2023-3-1 17:45 | |
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Coinspeaker South Korea Issues Guidelines on Security Tokens Ahead of New Regulation The government of South Korea is very open to crypto as an asset class. South Korea Issues Guidelines on Security Tokens Ahead of New Regulation
2023-2-6 13:51 | |
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Binance, the largest provider of digital asset trading platforms, has bought a majority share in the ailing South Korean crypto exchange Gopax, entering a sector it left two years ago. Large stake agreement’s terms are not made public The chief…
2023-2-3 15:46 | |
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Per a Reuters report, crypto exchange Binance will launch a popular product in Brazil, one of the most dynamic regions for the nascent asset class. The crypto exchange will roll out prepaid cards for its users in the country.
2023-1-31 17:44 | |
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The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act.
2023-1-27 21:00 | |
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South Korean electronics giant, Samsung, will launch a Bitcoin Exchange-Traded Fund (ETF), opening up the possibility for exposure to Bitcoin in one of Asia’s biggest markets. The company’s asset management arm is looking to track the spot price of Bitcoin as it floats an ETF investment opportunity rooted in both Bitcoin and micro-bitcoin futures of […]
2023-1-14 10:39 | |
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South Korea’s crypto-crazed city, Busan, announced its steering committee for building its flagship digital asset exchange. However, in a surprising turn of events, it has dropped third-party crypto exchanges that had earlier partnered with the city on the initiative.
2022-12-21 06:00 | |
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South Korea’s top 5 crypto exchanges have announced the delisting of Wemade’s native token, WEMIX, despite the gaming company’s assurances regarding the token’s distribution. WEMIX token delisted by top Korean exchanges Members of the Digital Asset Exchange Alliance (DAXA), which…
2022-11-25 02:15 | |
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The first stablecoin on Cardano (ADA/USD) has been launched. The USD-based stablecoin, iUSD, was launched by the decentralised synthetic asset issuance protocol, Indigo. The launch of iUSD comes two months after Cardano’s hard fork that allowed the building of dApps on the blockchain.
2022-11-23 20:27 | |
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The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors.
2022-11-20 07:45 | |
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Seoul, South Korea, 14th November, 2022, Chainwire ARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage.
2022-11-14 10:52 | |
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The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023.
2022-11-1 12:55 | |
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South Africa’s Financial Sector Conduct Authority (FSCA) has declared crypto assets as “financial products”, setting up the pace for the inclusion of the asset class under the country’s regulatory purview.
2022-10-22 14:58 | |
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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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After the warrant for CEO Kwon Do-arrest was issued in September, he abruptly transferred approximately 3313 BTC (Bitcoin) to two overseas virtual asset exchanges.
2022-9-28 06:00 | |
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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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A South Korean technology company, LG Electronics, has applied for a patent registration for its newly invented digital asset wallet code-named Wallypto which is currently being beta tested to limit system errors and crashes.
2022-9-3 23:30 | |
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Bitcoin price over the last 24 hours moved south on its four-hour chart. Very recently Bitcoin had rose above the $20,000 price mark but the bears failed to hold the asset at that price mark. In the last 24 hours, the coin was mostly consolidating on its chart.
2022-8-31 04:00 | |
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Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange.
2022-8-23 23:59 | |
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According to a report by South Korean news agency Yonhap News, virtual asset transfers for free are subject to gift tax. This, as per the guidance of the Ministry of Strategy & Finance in the couThe post South Korea: Crypto-airdrops might soon be subject to Gift Tax appeared first on AMBCrypto.
2022-8-22 16:25 | |
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Despite postponing crypto gains tax to 2025, the South Korean Ministry of Strategy and Finance has today declared that virtual asset airdrops, hard forked tokens, and staking rewards will be subject to a gift tax under the Inheritance and Gift Tax Act.
2022-8-23 14:20 | |
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The Korea Financial Intelligence Unit (KoFIU) said that it has alerted the investigating authority about the illegal business activities of 16 unregistered Virtual Asset Service Providers (VASPs) operating in South Korea.
2022-8-19 22:00 | |
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South Korea’s top financial regulator has assigned a task force to “expedite the review process of bills on virtual assets,” said its chairman Kim Joo-hyun. The post Task Force to Expedite Review of South Korean Virtual Asset Bills appeared first on BeInCrypto.
2022-8-12 18:00 | |
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Crypto. com is one of the world’s fastest growing digital asset trading platform. It has recently spoken about its acquisitions in South Korea which would help in Crypto. com’s South Korea expansion plan.
2022-8-9 04:00 | |
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Crypto. com has announced expansion into South Korea via the acquisition of two locally registered firms – the payments provider PnLink Co. and virtual asset platform OK-BIT Co. With the deals, Crypto.
2022-8-9 12:40 | |
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Uppsala, a blockchain security service provider for crypto AML/CTF, transaction risk management, regulatory compliance, and transaction tracking, has announced today that it has signed a contract to supply digital asset AML solutions to KODA (Korea Digital Asset), a South Korean crypto exchange.
2022-8-2 04:01 | |
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The government announced its 2022 Tax Reform Bill on Thursday, which states the planned virtual asset tax, already delayed by a year, will be postponed further.
2022-7-21 12:38 | |
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South Korea-based cryptocurrency exchange OKX has received a provisional virtual-asset license from authorities in Dubai. The post OKX Latest Exchange to Win Dubai Virtual Asset License appeared first on BeInCrypto.
2022-7-15 20:00 | |
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South African Reserve Bank (SARB) Deputy Governor Kuben Naidoo has said "our view has changed" from five or six years ago when there was "no intent on regulating this from a currency point of view" to regarding crypto "as a financial asset that we hope to regulate."
2022-7-14 19:56 | |
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Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector.
According to reports, Mirae Asset Group is in advanced talks to buy Korbit, South Korea’s long-running crypto exchange, in a deal valued at about 100 billion to 140 billion won — roughly $70 million to $100 million.
Hyundai Group’s Seoul offices were evacuated after an email threatened explosions unless a Bitcoin ransom was paid, authorities and media reports said. Related Reading: Hoskinson Warns Trump’s Crypto Push Could Backfire On The Industry The message demanded 13 Bitcoin — roughly $1.
Bitcoin Magazine ‘Pay 13 Bitcoin or We Blow It Up’: Hyundai Bomb Threat Shakes South Korean Offices Hyundai Group evacuated staff from two Seoul offices after receiving a bomb threat email demanding bitcoin.
South Korea boasts one of the most reliable crypto audiences in the world. But when it comes to actually sticking around on-chain, that attention drops off fast.
In South Korea, crypto takes a back seat, according to Kookmin Ilbo. Here's what we know.