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Why Policy Regulation for Crypto in Korea is Key
Digital Assets in Korea: A Policy Approach to Smart Regulation The emergence of blockchain technology and digital assets is transforming the global financial landscape into a more accessible, transparent, fair and efficient system. дальше »
2022-3-16 04:01 | |
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Crypto politics heats up with upcoming presidential elections 2022 in South Korea
2021 was a year of political turmoil for crypto businesses in South Korea. After several regulatory shakeups, the country is finally ready to tax digital assets from 2023. With that, South Korea isThe post Crypto politics heats up with upcoming presidential elections 2022 in South Korea appeared first on AMBCrypto. дальше »
2022-1-3 13:30 | |
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South Korean Exchange Suspends Withdrawals to External Wallets, Govt. Reaches Out to Apple and Google to Block P2E Apps
One of the four regulated cryptocurrency exchanges in South Korea, Coinone, has announced that it will no longer allow withdrawals to non-verified external wallets starting Jan. 24, 2022. If Coinone users want to withdraw their crypto assets to another digital wallet, they would have to register their wallet address with the exchange, “in accordance with […] The post South Korean Exchange Suspends Withdrawals to External Wallets, Govt. дальше »
2021-12-29 20:07 | |
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South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022
The South Korean government is prohibiting withdrawals from local cryptocurrency exchanges to non-KYC wallets such as MetaMask, starting next year, as per the local report. Regulators in the country are imposing the travel rule when transferring assets from one venue to another, requiring information of sender and recipient to be recorded in order to prevent […] The post South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022 first appeared on BitcoinExchangeGuide. дальше »
2021-12-11 18:12 | |
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NFTs will not be regulated in crypto-friendly Korea, the ministry confirms
The Financial Service Commission (FSC) of South Korea has restated in a public statement today that non-fungible tokens (NFTs) are not virtual assets and hence will not be regulated. The post NFTs will not be regulated in crypto-friendly Korea, the ministry confirms appeared first on CryptoSlate. дальше »
2021-11-6 05:00 | |
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South Korea FSC reiterates stance on non-regulation of NFTs
South Korea’s Financial Services Commission (FSC) is currently trending in the news after reiterating that non-fungible tokens (NFT) will not be regulated since these are not virtual assets. In spitThe post South Korea FSC reiterates stance on non-regulation of NFTs appeared first on AMBCrypto. дальше »
2021-11-5 22:00 | |
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The Korea Teachers’ Credit Union with Over $40 Billion in Assets Is Investing in A Bitcoin ETF
Slowly but surely, everyone is jumping on the Bitcoin train. Amidst the incoming herd of institutional investors and retirement funds, credit unions are also coming in. The Korea Teachers’ Credit Union, which manages more than $40 billion, is now investing in Bitcoin, according to local reports, citing industry sources. дальше »
2021-10-27 20:51 | |
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Treasury Department: Digital Assets Ease Economic Sanctions
The US presidential administration sees cryptocurrencies as a tool to circumvent sanctions. The United States imposed so far more than 9,000 sanctions against legal entities and individuals from countries such as Iran, Russia and North Korea. дальше »
2021-10-20 14:29 | |
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South Korea’s ruling party plans to pass a bill to delay crypto taxation
South Korea’s ruling party, the Democratic Party of Korea, is planning to pass a bill that postpones the taxation of virtual assets before January 1, 2022. A report disclosed this news earlier today, noting the ruling party objected to Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki’s question of whether the Ministry […] The post South Korea’s ruling party plans to pass a bill to delay crypto taxation appeared first on Invezz. дальше »
2021-9-17 21:37 | |
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South Korea Proposing Revision of Tax Code to Allow the Confiscation of Crypto Assets of Tax Dodgers
South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year. дальше »
2021-7-26 17:27 | |
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New rules could permit Korean gov’t to seize tax evaders’ crypto
South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their personal wallets. дальше »
2021-7-26 12:02 | |
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South Korea: Woori Bank the Latest to Enter the Crypto Custody Business
One of the top South Korean banking groups – Woori Financial Group – disclosed its plans to launch a crypto custody service. Woori Financial Group Joins the Crypto Custody Business Woori Financial Group which is South Korea’s third-largest banking group by the total value of assets under management announced its foray into the digital assetRead More дальше »
2021-7-12 13:10 | |
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Korean Crypto Exchange Employees Could Face Heavy Fines for Trading
Reports are emerging that the government in South Korea is mulling a proposal to fine employees of cryptocurrency exchanges for trading in digital assets. The post Korean Crypto Exchange Employees Could Face Heavy Fines for Trading appeared first on BeInCrypto. дальше »
2021-6-7 12:09 | |
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South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year
Korea's Financial Services Commission is also meeting with crypto exchanges to hear their concerns about new regulation approaches. The post South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year first appeared on BitcoinExchangeGuide. дальше »
2021-6-4 19:41 | |
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South Koreans flock to crypto amid a heavy-handed regulation approach
With crypto demand skyrocketing in South Korea, the government is looking to regulate digital assets, and the local market is feeling the pressure. дальше »
2021-5-11 14:34 | |
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Korean crypto exchanges could face harsh laws if new proposal is passed
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. дальше »
2021-5-7 19:00 | |
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South Korea Finance Minister: Taxing Cryptocurrency Gains is ‘Inevitable’ Starting Jan 2022
On Tuesday, Hong Nam-Ki, South Korea’s finance minister, stated that the government is on course with the proposal to introduce capital gains tax on crypto trading starting next year. “It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” Hong stated during a news conference on Tuesday. дальше »
2021-4-28 21:38 | |
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South Korea aims to “pay special attention” to Bitcoin and crypto transactions
South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today. The post South Korea aims to “pay special attention” to Bitcoin and crypto transactions appeared first on CryptoSlate. дальше »
2021-4-20 16:00 | |
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South Korea’s Tax Agency Clamps Down on Individuals Hiding Assets Via Crypto
South Korea’s tax authority is targeting individuals who use cryptocurrency to conceal their assets as a way of evading tax payments. NTS Investigating Tax Offenders Concealing Assets Using Cryptocurrecy According to the Korea Herald on Monday (Mar. дальше »
2021-3-16 00:00 | |
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South Korea deepens probe on tax evasion via cryptocurrencies
South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments. дальше »
2021-3-15 12:18 | |
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Bank of Korea chief claims crypto assets lack intrinsic value
The head of the Bank of Korea (BoK), Lee Ju-yeol, recently put forward the…
The post Bank of Korea chief claims crypto assets lack intrinsic value appeared first on Coin Journal.
дальше »2021-2-25 14:54 | |
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Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor
Bank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth. ● Speaking in the National Assembly on Feb. дальше »
2021-2-25 03:30 | |
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UN Report Points to North Korea Behind the $281 Million Theft from Crypto Exchange Kucoin
Approximately $316.4 million virtual assets have been stolen by the DPRK from 2019 to November 2020. The post UN Report Points to North Korea Behind the 1 Million Theft from Crypto Exchange Kucoin first appeared on BitcoinExchangeGuide. дальше »
2021-2-11 23:13 | |
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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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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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South Korean Authorities Formulate Legislation to Boost Mainstream Bitcoin Adoption
South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report. дальше »
2020-1-8 18:00 | |
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South Korea’s Ban on Crypto Will Choke The Special Blockchain Zone
According to local sources, the existing cryptocurrency ban in South Korea will the make the Busan blockchain regulation-free zone ‘ineffective’. The South Korean Ministry of SMEs and Startups in 2018 designated 1 trillion KRW for growing their blockchain technology industry as part of a “Growth Through Innovation” plan. дальше »
2019-8-8 19:00 | |
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Crypto Crimes Amount to 2.7 Trillion Won in Damage in Two-Year Timeframe Reveals South Korea
Crypto crimes, in the form of hacks, scams and money laundering, have become increasingly popular, ever since the market picked up. Crypto traders of today have heard of every possible way their assets can be compromised, whether this implies straight out of one’s personal wallets, crypto exchanges or falsified initial coin offerings. According to the […] дальше »
2019-7-22 00:11 | |
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How 10 Countries Respond to Facebook’s Libra Cryptocurrency
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U. K. , and the U. S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. дальше »
2019-7-11 08:30 | |
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Giant Korean Bank May Get Into Crypto, Could Catalyze Bitcoin Rally
Massive Institution Looks to Store Crypto Reported by CoinDesk on Tuesday, Bitcoin (BTC) and other digital assets may soon be stored by KB Kookmin, South Korea’s largest bank. Citing a report from its Korea branch,. дальше »
2019-6-11 20:59 | |
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South Korea’s Biggest Bank U-Turns on Crypto With Custody Service
South Korea’s largest bank by assets, KB Kookmin, has partnered with a cryptocurrency startup to develop custody solutions. South Korea’s Kookmin U-Turns on Crypto Reported by local media outlet Business Korea June 11, Kookmin will now work with local company Atomrigs Lab, which is active in digital asset protection. дальше »
2019-6-11 14:00 | |
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LocalBitcoins in South Korea Records New Trading Volume History in KRW After Bitcoin’s Positive Trend
South Korean traders have been very excited about the recent price increase in Bitcoin (BTC) and digital assets. According to data provided by Coin Dance, the weekly LocalBitcoin volume has set a new record a few days ago. дальше »
2019-5-28 02:22 | |
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Samsung Preps Crypto Integration in Samsung Pay Wallet to Millions Globally
By CCN: According to Business Korea, a mainstream media outlet in South Korea, Samsung Electronics is preparing the integration of crypto assets into Samsung Pay. Samsung Pay reportedly accounts for around 80 percent of the market share of the simple payment market and the integration of crypto assets is expected to increase the mainstream adoption of the asset class. дальше »
2019-5-25 16:09 | |
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Asia’s Digital Assets Giant, ZB Exchange, Goes Big in New York
Servicing the digital assets space since early 2013, ZB Exchange is one of the world’s first and largest cryptocurrency trading platforms. For six years, ZB Exchange has built a reputation for innovation and security in markets like Korea, China, Japan, and Southeast Asia but this week saw ZB Exchange unveil a new, broader reaching strategy. дальше »
2019-5-17 19:00 | |
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United Arab Emirates (UAE) Emerges As World’s Crypto Capital Beating USA, UK, & South Korea
United Arab Emirates (UAE) Emerges As World’s Crypto Capital Beating USA, UK, & South Korea The Kingdom of the United Arab Emirates (UAE) has beaten other countries to emerge at the top as the choice of location for the sale of digital assets. дальше »
2019-4-30 22:37 | |
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Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges
North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report. дальше »
2019-4-25 17:04 | |
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Coinbase Provides Wider Support for Crypto-to-Crypto Conversions
Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries. In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities. дальше »
2019-4-19 17:55 | |
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South Korea: Central Bank Report States CBDCs Could Reduce the Role of Commercial Banks
On March 26, 2019, South Korea’s central bank published 2018 Annual Payment Settlement Report. In the report, the country’s apex bank has given a summary of research it conducted on central bank digital currencies (CBDCs). дальше »
2019-3-27 16:00 | |
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Sluggish Bitcoin Price Creates Bullish Opportunities for Wider Crypto Market: Trader
In the past 24 hours, the Bitcoin price has remained stable above the $4,020 mark, unable to break out above a key resistance level at $4,200. Meanwhile, a handful of crypto assets and tokens recorded gains in the range of 5 to 30 percent. дальше »
2019-3-24 19:15 | |
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Korea’s Biggest Messaging App Kakao to Integrate Crypto Wallet For 44 Million Users
According to fnnews, a mainstream financial media outlet in South Korea, Kakao is integrating crypto for its 44 million local users. Kakao is the biggest internet conglomerate in South Korea that operates KakaoTalk, KakaoPay, KakaoTaxi, KakaoStory, KakaoStock, and many other platforms that have overwhelming dominance in their respective markets. дальше »
2019-3-18 15:42 | |
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Employee Embezzlement Forces South Korea’s Coinbin Crypto Exchange to Call it Quits
Coinbin, a leading South Korean digital assets exchange and cryptocurrency trading venue, has filed for bankruptcy with the Korean authorities, claiming that an employee has stolen a whopping 29. 3 billion won (about $26 million) from its coffers, according to a local news source, Business Korea on February 22, 2019. дальше »
2019-2-26 22:00 | |
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Blucon payment card integrates DGX gold token from Digix in Korea
Digix, a blockchain ecosystem that tokenizes gold on the Ethereum network, has announced a partnership with Blucon, an integrated global payment platform that facilitates the unrestricted worldwide payment of digital assets. дальше »
2019-2-22 08:05 | |
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New Samsung Galaxy S10 Includes Baked-In Storage for Private Keys
Samsung announced on February 21, 2019, that their newest phone, the Galaxy S10, will include secure storage for its users’ cryptocurrency private keys. The company made a press release detailing the phone’s many features, notably including Samsung’s proprietary defense platform, Samsung Knox, which will feature secure private key storage that is claims is specifically “for blockchain-enabled mobile services. дальше »
2019-2-22 00:57 | |
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Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors
CoinSpeaker Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books. дальше »
2019-2-9 10:49 | |
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