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South Korea will implement a 22% tax law on Cryptocurrencies come 2021
The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announcement was made on the 22nd of July by the country’s Ministry of Strategy and Finance with a “2020 Tax […] дальше »
2020-7-23 10:15
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South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2. дальше »
2020-7-23 07:15
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ICON taps Band Protocol oracles to bolster dApps in South Korea
One of the biggest South Korean cryptocurrency projects will now feature oracles services from a cross-chain data platform. The post ICON taps Band Protocol oracles to bolster dApps in South Korea appeared first on CryptoSlate. дальше »
2020-7-23 23:24
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South Korea to Implement 20% Income Tax on Crypto Gains After Finalizing on New Tax Code
South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […] дальше »
2020-7-22 18:59
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South Africa: Stimulus, Low Rates Face Challenges
South Africa's economic activity has slowed amid shutdowns due to the pandemic, but the country is relying on low rates and stimulus to regain its footing. дальше »
2020-7-21 13:00
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South Korea Brings Blockchain to Healthcare, but That’s Just the Start
Healthcare is among the first industries in South Korea to receive the benefits of data management and storage on blockchains.
дальше »2020-7-12 12:00
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South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt
A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. дальше »
2020-7-8 08:25
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South Korea Levying Crypto Tax Will Stifle Industrial Growth, Say Economists
Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the view of leading South Korean economists in response to the Ministry of Economy and Finance’s tax office proposal to levy a 20 percent taxRead MoreRead More. дальше »
2020-6-22 21:00
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South Korea’s Financial Authorities to Include Cryptocurrencies in New Taxation Framework
A local publication reported that South Korea’s Ministry of Strategy and Finance aims to introduce taxes for digital assets, with the rate expected to reach 20 percent. The announcement was made during the Financial Parliamentary committee meeting chaired by Minister Hong Nam-Ki on 17th July. дальше »
2020-6-18 22:22
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South Korea Plans to Tax Cryptocurrency, According to Its Finance Minister
South Korea?s finance minister Hong Nam-ki announced a plan to impose a tax on crypto дальше »
2020-6-18 17:27
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Blockchain Bites: JPMorgan on Bitcoin, South Korea on CBDCs and the Porn Industry on Crypto
JPMorgan bond analysts think bitcoin has passed its first stress test while South Korea's central bank is continuing to research CBDCs. дальше »
2020-6-16 19:36
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South Korea to Tax Crypto Trading Like Real Estate
Three months on from the pro-crypto government regulation and South Korea is moving to impose taxes on cryptocurrency trading. After a tumultuous two-year period, South Korea’s crypto scene is starting to see some positive sentiment from the authorities. дальше »
2020-6-13 20:24
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South Korea is Proposing A Tax on Profits From Crypto-Fiat Transactions
The South Korean Ministry of Strategy and Finance is proposing a tax on profits from crypto-fiat transactions, reported a local news outlet. The proposition was made earlier this week which also includes the sale of the token through initial coin offerings (ICO) and crypto mining organizations. дальше »
2020-5-31 18:18
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South Korea: Regulators Mulling Taxing Cryptocurrency Gains
South Koreans cryptocurrency traders could soon find themselves busy doing taxes. According to a report by Decrypt published on May 30, 2020, the South Korean Ministry of Strategy and Finance has proposed taxing profits made via crypto-fiat transactions. дальше »
2020-5-31 17:07
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South Korea Is Exploring New Crypto Tax Laws
The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law.
дальше »2020-5-28 23:30
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South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country. дальше »
2020-5-24 16:35
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Ripple's Partner MoneyGram Joins Forces with One of Largest Payment Companies in South Korea
Global money transfer service MoneyGram has inked a partnership with South Korean remittance firm E9Pay дальше »
2020-5-19 22:25
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South Korea Plotting $400 Million Blockchain War Chest to Challenge China
South Korea’s government is reportedly exploring a $400 million blockchain R&D fund to boost its emerging digital economy and stay apace with China’s growing dominance in the sector. According to ZDNet Korea, the country’s Ministry of Science and Technology will at the end of the month decide on whether to move forward with a planned […] The post South Korea Plotting $400 Million Blockchain War Chest to Challenge China appeared first on BeInCrypto. дальше »
2020-5-15 23:11
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Rand Paul Is Right About the Overblown U.S. COVID-19 Response
The lockdown hawks are spreading misinformation about COVID-19 while trying to discredit Rand Paul's call to reopen schools and businesses. The post Rand Paul Is Right About the Overblown U.S. COVID-19 Response appeared first on CCN.com дальше »
2020-5-13 23:48
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South Africa Proposes 30 Rules to Regulate Cryptocurrency
South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. дальше »
2020-4-20 16:15
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South Korean Government Labels Blockchain a Golden Opportunity
A South Korean minister is calling to local firms to seize “golden” opportunities in the global blockchain market
дальше »2020-4-19 19:50
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South Africa: Government Panel Proposes Strict Crypto Regulations
An intergovernmental panel in South Africa comprising the central bank, treasury, and financial regulators is calling for the enactment of strict crypto regulations in the country. Strict Crypto Policing in South Africa In a paper published by the Intergovernmental Fintech Working Group (IFWG) in South Africa, the government panel argued for the establishment of aRead MoreRead More. дальше »
2020-4-18 17:00
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Bitcoin now legal in South Korea, India, and “at par” with fiat in France
Against a grim macro outlook, there was some good regulatory news last month. A French court ruled that bitcoin is a legally recognized currency. The Indian Supreme Court overturned India’s crypto banking ban, and South Korea has now fully legalized crypto assets within its borders. дальше »
2020-4-5 16:00
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3 Reasons a Coronavirus Second Wave Threatens China & South Korea
China and South Korea passed the peak of coronavirus. The risk of a second wave of the virus remains, and precautions cannot be softened. The post 3 Reasons a Coronavirus Second Wave Threatens China & South Korea appeared first on CCN.com дальше »
2020-3-28 16:41
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South Korea Banking Giant Plans to Launch Crypto Custody Service
KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country. дальше »
2020-3-28 22:00
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South Korean Crypto Exchanges Aid Police in Child Porn Investigation
South Korea’s four major cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, reportedly stated that they would support the local police in investigating the so-called “nth rooms” phenomenon, which turned into a nation-wide scandal. дальше »
2020-3-26 19:15
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Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education
Changpeng Zhao announces the launch of fiat support for South African users
дальше »2020-3-15 04:00
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India Lifts Crypto Ban, South Korea Imposes New Rules and the US Remains Stagnant
With India reversing a ban on cryptocurrency and South Korea imposing new rules on exchanges, the lack of forceful regulation from the U.S. is a loss. The post India Lifts Crypto Ban, South Korea Imposes New Rules and the US Remains Stagnant appeared first on Bitcoin Magazine. дальше »
2020-3-13 18:30
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Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool
The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space. дальше »
2020-3-10 21:00
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South Korea Remittance Firm, Coinone Transfer, Attributes 50% Monthly Growth to RippleNet
Coinone began product development on RippleNet back in 2018; immediately after South Korea lifted a ban which earlier sidelined non-bank institutions. With new rules in place, Coinone aimed at using Ripple’s blockchain to tap into the S. дальше »
2020-3-6 19:26
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Bitcoin (BTC) Price Reclaims $9,000 Level, Aims Higher on South Korea News
Now that Bitcoin has broken above $9,000, news from South Korea on officially approving crypto trading is pushing it higher with the market turning bullish дальше »
2020-3-5 15:53
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South Korea Passes Milestone Regulation, Exchanges to Work with Banks for Real-Name Accounts
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. дальше »
2020-3-5 15:10
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South Korea Officially Legalizes Cryptocurrencies: Unconfirmed
South Korean regulators have given the greenlight on crypto trading in the country, causing the community to go nuts with joy. However, no official confirmation yet дальше »
2020-3-5 14:08
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South Korea's parliament reportedly 'legitimizes' Cryptocurrency as a legal entity
According to reports, a full session of the National Assembly of the South Korean parliament has passed an amendment to the Act on Reporting and Use of Specific Financial Information. Owing to this amThe post South Korea's parliament reportedly 'legitimizes' Cryptocurrency as a legal entity appeared first on AMBCrypto. дальше »
2020-3-5 13:00
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Breaking: Cryptocurrency Now Fully Legal in South Korea
In another significant development for the cryptoverse, the South Korean National Assembly has officially passed the “Act on Reporting and Use of Specific Financial Information” bill into law, making cryptocurrency trading and holding a legal activity in the nation, reports TheNewsAsia on March 5, 2020. дальше »
2020-3-6 12:00
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Renato Rodriguez – The South American Satoshi
Renato Rodriguez – The South American Satoshi Often dubbed as ‘The South American Satoshi’, Renato Rodriguez has made strides in introducing digital currencies to every household of South America. дальше »
2020-3-5 17:58
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What Michael Moore’s Angry South Carolina Attacks Reveal About U.S. Liberals
The way Michael Moore dismissed the people of South Carolina should surprise no one. It's how "liberals" in America do things. The post What Michael Moore’s Angry South Carolina Attacks Reveal About U.S. Liberals appeared first on CCN.com дальше »
2020-3-3 16:39
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South Korea’s NH Bank Debuts Samsung-Backed Blockchain ID System
South Korea’s NongHyup Bank rolls out first commercial use of blockchain ID technology backed by tech giant Samsung
дальше »2020-2-28 19:35
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South Korea: 3 More Financial Institutions Tap RippleNet for Remittances
Ripple, the San Francisco-based distributed ledger technology (DLT) company in charge of the XRP altcoin, has announced that three more fintech startups in South Korea have joined RippleNet, according to a blog post on February 25, 2020. дальше »
2020-2-27 22:00
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Ripple to Significantly Improve Cross-Border Payments in South Korea with These Partnerships
San Francisco-based blockchain company Ripple has teamed up with three more remittance startups in South Korea дальше »
2020-2-26 10:14
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South Korea Sees Coronavirus Spike to 156 Cases & It’s Penetrating the Military
According to a government-funded publication in South Korea, the total number of confirmed coronavirus cases officially hit 156. The post South Korea Sees Coronavirus Spike to 156 Cases & It’s Penetrating the Military appeared first on CCN.com дальше »
2020-2-21 04:26
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South Korea’s Government Aims to Drop Windows in Favor of Linux
Government officials often rely on Microsoft Windows as their computer operating system. That situation will change significantly in South Korea. It is interesting to see different governments handle their computer-based needs. дальше »
2020-2-18 06:00
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YouTube Enrages South Koreans by Demonetizing Viral Coronavirus Reporter
Clark TV, a popular YouTuber in South Korea who reports about the state of coronavirus in China, has abruptly been demonetized by YouTube. The post YouTube Enrages South Koreans by Demonetizing Viral Coronavirus Reporter appeared first on CCN.com дальше »
2020-2-5 12:22
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South Korean Crypto Wallet BitBerry Calls it Quits
Popular South Korean crypto wallet, Bitberry, is closing down soon. The CEO of Bitberry’s parent company cited “market deterioration and uncertainty in the blockchain industry” as the reason for discontinuing the app. дальше »
2020-2-1 02:30
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South Korea Might Re-Categorize Cryptocurrencies, Imposing A 20% Tax On Gains
South Korea one of the most progressive nation in terms of evolving technology adoption might impose a 20% tax on crypto gains in the country as per a report published by a local daily, The Korean Times. дальше »
2020-1-20 18:10
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