South Korea Set to Impose Crypto Tax on Trading Profits

2020-1-20 16:00

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. origin »

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Источник: Cripyo.news

crypto south → Результатов: 126

Crypto.com and Travel Wallet partner on prepaid card, won-based stablecoin adoption

Crypto.com is teaming up with one of South Korea’s top fintech firms in a move that could bring crypto spending closer to everyday use. Crypto.com has signed a new partnership with South Korean fintech firm Travel Wallet to create a…

2025-10-21 08:06	Partnership
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South Korea blocks 14 crypto exchanges—What’s behind the crackdown?

Apple blocked KuCoin, MEXC, and other crypto exchanges at the request of South Korea. Last month, the country banned 17 crypto sites through Google. South Korea has blocked 14 crypto excThe post South Korea blocks 14 crypto exchanges—What’s behind the crackdown? appeared first on AMBCrypto.

2025-4-16 04:00	News
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South Korea Eyes Opening Crypto Market to Foreign Investors Amid AML Challenges

Key Takeaways: South Korea may allow foreign investments in crypto. Whether this happens depends on exchanges strengthening their AML efforts. Changes in policy could revive the local crypto sector.

2025-4-9 18:26	News
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South Korean FIU unveils more AML restrictions in light of crypto crimes

South Korea’s Financial Intelligence Unit wants to strengthen anti-money laundering measures, specifically by enhancing ways to monitor crypto transactions. On March 5, the FIU revealed a number of strategies to prevent money laundering at the AML Inspection Trustee Council, according…

2025-3-5 13:11	South Korea
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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
crypto south exchanges oversight fsc dialogues amid

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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
crypto south warning fsca investors african complaints

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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 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
crypto south meeting amid pan-governmental closer country

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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
crypto south adoption hyundai others country wider

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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
crypto south consultation paper ban african developed

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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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Its Stance on Crypto To Become Blockchain Haven South Korea Reviews

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.

2018-6-29 16:34
crypto south korea higher percent were traded

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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
south aml guidelines financial crypto exchanges diligence

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Naver’s $14.5b power play puts Upbit on IPO path—and shakes up Asia’s crypto landscape

Upbit is inching toward a future Nasdaq debut thanks to a corporate tie-up involving Naver and Dunamu (a $14.5 billion equity exchange).

South Korea open to revisiting sanctions on North Korea after latest U.S. crackdown

With Washington tightening the screws on North Korea’s crypto-funded nuclear weapons programme, South Korea says it’s open to rethinking its own sanctions playbook. During a recent interview, South Korean Vice Foreign Minister Kim Ji-na told local media that “coordination between…

South Korean lawmakers press Binance to repay $106M GoFi victims after Gopax acquisition

Binance is facing renewed scrutiny from South Korean lawmakers after a parliamentary hearing this week reignited calls for the exchange to compensate victims of GOPAX’s failed GoFi deposit program. South Korean lawmakers are intensifying pressure on Binance to fulfill a…

Binance nears return to South Korea as regulators revisit Gopax stake review

Binance holds a 67% stake in Gopax, acquired in February 2023. A $4. 3 billion US settlement eased regulatory concerns in South Korea. Gopax faced a $47 million liquidity shortfall linked to Genesis Global Capital.

Binance moves closer to South Korea re-entry as FIU reviews Gopax acquisition

Binance is finally making progress with its South Korea re-entry after over two years of delay, as authorities have reopened their review of the exchange’s long-stalled takeover of local crypto exchange Gopax.

K-drama star Hwang Jung-eum sentenced in $3M crypto embezzlement case

Hwang Jung-eum, a South Korean actress and K-drama star, was handed a suspended prison sentence for embezzling $3 million from her agency to invest in cryptocurrency. According to a report from local media outlet Korea JoongAng Daily, Hwang has been…

South Korea bans leveraged crypto loans, sets 20% ceiling on rates

South Korean regulators have moved to quell a brewing risk in crypto exchanges. The new regime bans high-risk leveraged loans and institutes a strict 20% interest cap, citing serious concerns over investor protection and market stability. On September 5, South…

2020-1-20 16:00

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