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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’s Central Bank Focuses on Blockchain and CBDCs in New Ten-Year Plan
The Bank of Korea has revealed a new 10-year development plan for the nation’s economy. The bank is giving blockchain technology and CBDCs a greater priority, with many initiatives planned to be launched by the end of the year. дальше »
2020-6-10 10:10 | |
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Samsung May Have Appointed New Blockchain Leadership
South Korean tech titan names Woong Ah-yoon as the head of their blockchain division.
дальше »2020-5-31 23:00 | |
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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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Samsung’s New EAL 6+ SE Chip For Mobile Devices to Enhance Security for Crypto Transactions
Samsung, the South Korean tech giant who boasts of a significant global market share in the smartphone business has announced a new turnkey security solution chip meant to secure crypto transactions on mobile phones. дальше »
2020-5-28 21:47 | |
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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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IOST Partners with South Korea’s dKargo to Explore Blockchain’s Potential in Logistics Industry
Enterprise-geared scalable blockchain project IOST (IOST) has joined forces with its new partner node, the South Korea-based decentralized global logistics project dKargo. The two entities will work together to leverage the benefits of distributed ledger technology (DLT) in the logistics industry, per an announcement dated April 28, 2020. дальше »
2020-4-29 22:14 | |
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ICON (ICX) Launches Smart Contracts-Supporting Consensus Algorithm
ICON (ICX), a South Korea-based distributed ledger technology (DLT) project that claims to be focused on fostering interoperability between independent blockchains, has rolled out a new consensus algorithm dubbed Loop Fault Tolerance 2. дальше »
2020-4-11 21:00 | |
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How Coinone Transfer Earned the Trust of Migrants in Korea with Low-Cost Real-Time Payments Powered by Ripple
For many years, South Korea’s $33 billion remittance market was controlled by the country’s banks. When new regulations allowed non-bank companies to enter the market in 2017, Coinone Transfer partnered with SBI Ripple Asia, a joint venture between Ripple and SBI Holdings, to create Cross, South Korea’s first blockchain-based remittance service. дальше »
2020-4-11 21:33 | |
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Bithumb Global Launches 5X Margin Trading For BTC and ETH Paired With USDT
South Korea’s biggest crypto exchange platform Bithumb has announced the introduction of leverage trading for both Bitcoin as well as Ether (ETH) on the global platform, Cointelegraph reports. According to the exchange, the move was necessitated by a sudden increase in demand for crypto services owing to the ongoing global lock down. However, the new […] дальше »
2020-4-8 21:06 | |
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Binance News Update: OTC Trading Portal, Fiat On-ramp for S.A Rand and Flexible Deposits for LTC & TRX
In brief: The team at Binance has made 3 major announcements in less than 24 hours. Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). Secondly, the team launched a new OTC trading portal. дальше »
2020-4-2 13:07 | |
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Why Binance’s Expansion Into South Korea Might Greatly Benefit Ripple’s XRP
Binance, the world’s largest cryptocurrency exchange is set to launch a crypto-to-crypto exchange in South Korea through its cloud solution. According to a blog post on March 31, 2020, the new exchange is known as Binance KR and will be open for trading starting from April 4, 2020. дальше »
2020-4-1 13:44 | |
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South Korea May Get A New Crypto Custodian After Largest Bank Files Trademark App
KB Kookmin Bank, the largest bank in South Korea, is preparing to launch its cryptocurrency custody service as soon as possible. As per the local news outlet Digital Today reported on March 27, KB Kookmin Bank filed a KBDAC trademark application in which it referred to the Digital Asset Custody subsidiary it proposed in January, […] дальше »
2020-3-27 18:10 | |
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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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Why Bitcoin Mining Might Be the New Business Model for US Power Plants
South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain? дальше »
2020-3-6 23:00 | |
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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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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 Korean exchanges' delisting spree may be blessing in disguise
Bitcoin was the only cryptocurrency back in 2009. Today, there are a total of 5,164 cryptocurrencies. To say that the cryptocurrency market has grown is, therefore, an understatement. With new coinThe post South Korean exchanges' delisting spree may be blessing in disguise appeared first on AMBCrypto. дальше »
2020-3-5 12:30 | |
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Klaytn (KLAY) blockchain network previews its new browser wallet
Klaytn, a global public blockchain platform developed by Ground X, the blockchain subsidiary of the leading South Korean Internet company, Kakao, today shared a sneak preview of Kaikas, a browser extension providing a secure means to interact with the Klaytn network. дальше »
2020-3-5 00:11 | |
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Bitcoin is a “Recognized Form of Investment” According to Australian Court
A New South Wales (NSW) court, this week, has allowed cryptocurrency to be used as collateral. As part of a broader defamation claim, the NSW District Court was asked to force a plaintiff to put $20,000 AUD, or about $13,000 USD into a court-controlled bank account. дальше »
2020-3-1 19:08 | |
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Can Bitcoin Win the Influence Game Against CBDCs?
Bitcoin faced an intriguing precedent when it was accepted by a New South Wales court as collateral. Bitcoin Accepted as Collateral in Court Case BTC can be used to serve a security function, pronounced Judge Judith Gibson of the New South Wales District Court. дальше »
2020-3-1 17:00 | |
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Australian Plaintiff can pay Court Fees With a Crypto Exchange Account
The legal status of cryptocurrencies can differ based on one’s region. In Australia, it would appear that Bitcoin is a legal investment vehicle. Those are the findings of Judge Judith Gibson of New South Wales. дальше »
2020-3-1 06:00 | |
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Litecoin Adoption in South Korea may Receive a big Boost
The Litecoin Foundation is trying to unlock more potential for LTC. A new partnership with MeconCash may be rather significant in this regard. Getting South Koreans excited about cryptocurrencies has seemingly never been much of a problem. дальше »
2020-2-29 02:00 | |
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Litecoin Foundation Strengthens Its Presence In South Korea Via A New Partnership With MeconCash
Litecoin Foundation has partnered with South-Korean cryptocurrency company MeconCash to integrate Litecoin’s native cryptocurrency, LTC, on its payments platform. With this collaboration, LTC to Korean Won (KRW) withdrawals will be possible across more than 13,000 ATMs in South Korea. дальше »
2020-2-28 10:08 | |
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Major New Partnership Set to Spur Litecoin Adoption
Litecoin will be coming thousands of regular cash machines in South Korea. The Litecoin Foundation has just partnered with MeconCash, allowing ATM users to convert LTC to fiat at real world locations. дальше »
2020-2-28 01:00 | |
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S.Korea Coronavirus Cases Hit 1,250 but JPMorgan Warns of 10,000 Peak
South Korea just announced 115 new confirmed cases of coronavirus, taking the total tally to a 1,261, as the epidemic spreads to more cities. The post S.Korea Coronavirus Cases Hit 1,250 but JPMorgan Warns of 10,000 Peak appeared first on CCN.com дальше »
2020-2-26 12:53 | |
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Dow Futures Slide 400 Points as Coronavirus Cases Surge Outside China
Coinspeaker Dow Futures Slide 400 Points as Coronavirus Cases Surge Outside ChinaGlobal markets across Europe and Asia have plunged severely on Monday as South Korea and Italy report several new affected cases of the coronavirus on Sunday. дальше »
2020-2-24 13:18 | |
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Samsung’s New Flagship Smartphones Also Supports Blockchain Technology
South Korean technology behemoth, Samsung, recently unveiled the new Galaxy S20 range of phones, which among other features, includes an improved security system that protects the user’s blockchain private key. дальше »
2020-2-20 22:00 | |
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Two Asian Crypto Exchange Giants Partner to Expand Global Reach
South Korean crypto exchange Bithumb has announced a strategic partnership with Singapore-based exchange, Bitmax. io. This move will create new opportunities to reach global traders and investors. дальше »
2020-2-18 00:00 | |
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Binance Adds 15 New Instant Fiat-to-Crypto Conversions With Simplex Partnership
Trying to corner local markets, the Malta-based crypto exchange Binance has added support for 15 more fiat currencies through the integration with Simplex. Gateways for currencies like the Korean won, the Swiss franc, the Polish zloty, the South African rand and the Australian dollar have been created and made available through the exchange’s fiat-to-crypto trading […] дальше »
2020-2-14 19:06 | |
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Klaytn blockchain welcomes Huobi as new Governance Council member
Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao, announced today that the cryptocurrency exchange company Huobi is joining the Klaytn Governance Council. Developed by Kakao’s blockchain unit, Ground X, Klaytn is a public blockchain platform whose mainnet launched in June last year. дальше »
2020-2-10 21:02 | |
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Biden Rises From Iowa’s Ashes With Fiery New Hampshire Tour de Force
Will a single debate save a campaign? No, but it raises the possibility that Biden can survive New Hampshire. He must get to South Carolina at the end of the month with some momentum, no matter how small. дальше »
2020-2-8 17:00 | |
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Nedbank Not Looking to Shut Down Crypto Exchange Bank Accounts
Contrary to reports, prominent South African bank, Nedbank is not considering closing down accounts belonging to crypto exchanges in the country. Nedbank Not Taking New Digital Asset Exchange Customers According to South African crypto news outlet SACrypto, reports stating that Nedbank is planning to shut down bank accounts of crypto exchanges are false. дальше »
2020-1-26 14:00 | |
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South Korea Set to Impose Crypto Tax on Trading Profits
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. дальше »
2020-1-20 16:00 | |
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Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar
In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar. дальше »
2020-1-7 17:00 | |
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Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws
In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar. дальше »
2020-1-7 17:00 | |
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South Korea Confirms No Income Tax on Crypto Profits
According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading. дальше »
2019-12-30 16:00 | |
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South Korea Prepares to Draft Bitcoin Capital Gains Tax Guidelines
The South Korean government wants to tax capital gains on cryptocurrencies. This new decree has yet to be officially improved by the proper authorities. South Korean news outlet Korea Times claims the government wants to impose capital gains taxes on virtual currencies, including bitcoin. дальше »
2019-12-10 01:00 | |
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Kakao’s Blockchain Affiliate GroundX Teases New Cryptocurrency Wallet Klip
Kakao Corp, an internet giant from South Korea, has recently teased its newest product, a crypto wallet called Klip. According to the announcement, the wallet will be created by GroundX, one of the subsidiaries of the company. дальше »
2019-8-13 22:46 | |
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South Korean Firm To Fork Ripple And Develop A New ‘ChainZ’ Social Value Coin Donations Platform
As per an all-new report released by S. Korean media outlet Cosun yesterday, local holding company SK C&C has announced its decision to create a new donations platform that will be built atop a Ripple blockchain fork. дальше »
2019-8-10 18:50 | |
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