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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. дальше »
2022-11-2 20:00 | |
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EU Official Says Europe’s MiCA Bill Would Prevent Collapses Like Terra's
SEOUL, South Korea – A European Union official told attendees at the Korea Blockchain Week conference in Seoul on Tuesday that the Terra collapse would have been impossible under the regulatory requirements laid out in the EU’s Markets in Crypto Assets (MiCA) bill. дальше »
2022-8-10 15:47 | |
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South Korea pushes ambitious crypto tax to 2023
South Korea’s crypto tax plans appear to have hit a snag as the country’s National Assembly has passed a bill pushing the implementation of the tax bill into 2023. South Korea’s crypto tax bill get 2023 date In one of CryptoSlate’s previous reports, it was stated that the country had proposed to impose a 20% […] The post South Korea pushes ambitious crypto tax to 2023 appeared first on CryptoSlate. дальше »
2021-12-2 11:00 | |
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South Korea’s Finance Ministry Pushes Crypto Tax to 2023
South Korea’s National Assembly passed a bill pushing the planned tax on crypto capital gains until 2023, according to the country’s finance ministry. The post South Korea’s Finance Ministry Pushes Crypto Tax to 2023 appeared first on BeInCrypto. дальше »
2021-11-30 16:04 | |
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US Senators Introduce Legislation to Limit ‘Broker’ Definition in Infrastructure Bill Signed by President Biden
On Monday, President Joe Biden signed the $1 trillion infrastructure bill that contains the controversial over-reaching cryptocurrency tax definition. The bill-signing ceremony was held on the White House South Lawn, where members of both parties came as a bipartisan show of support for the new legislation. дальше »
2021-11-17 19:31 | |
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Korean Lawmakers Aiming to Pushback Crypto Tax Regulation Implementation
South Korean lawmakers from the opposition People Power Party (PPP) are formulating a bill aimed at postponing the January 1, 2022 implementation of the 20-25 percent crypto tax law in the nation to 2023. дальше »
2021-10-12 23:00 | |
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Will South Korea delay bill dealing with tax on crypto gains
In recent times, regulators in South Korea have taken significant steps to make sure the crypto space is well regulated. From cracking down on "unlicensed" exchange platforms to implementing tax on crThe post Will South Korea delay bill dealing with tax on crypto gains appeared first on AMBCrypto. дальше »
2021-10-11 17:00 | |
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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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Bitcoin as legal tender – Paraguay follows El Salvador’s lead
South American nation, Paraguay, has proposed a bill that will legally recognize Bitcoin (BTC/USD) as its official currency. The move is coming after El Salvador made a similar proposal, making Bitcoin legally accepted for the payment of goods and services. дальше »
2021-6-27 11:55 | |
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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 American MercadoLibre Adds $7.8 Million worth Bitcoin to its Treasury
The online marketplace company also posted a larger quarterly loss, hit by a higher tax bill. Meanwhile, its fintech arm, Mercado Pago, reported a surge of 81. 8% in total payment volume during the pandemic. дальше »
2021-5-7 17:26 | |
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South Carolina’s Senate Passes Resolution to Promote Blockchain Tech Adoption
The solutions around blockchain tech are gradually being considered by stakeholders such as legislators looking to create a sustainable ecosystem for digital assets. It is, therefore, no surprise that South Carolina has passed a bill named ‘A Senate Resolution To Acknowledge The Importance Of Emerging Blockchain Technology And To Call Upon The Residents Of South […] дальше »
2020-3-14 22:56 | |
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Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more than 800 delegates discussed crypto regulations. дальше »
2020-3-10 05:00 | |
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South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF). дальше »
2020-3-8 20:38 | |
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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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South Korean Exchange Bithumb To Fight NTS In Court Over $69M Tax Bill
According to local reports from The Korean Times, the largest crypto exchange in the country is challenging the latest tax imposed by the National Tax Service (NTS) in a Tax Tribunal in what it terms as a groundless base. дальше »
2020-1-16 20:39 | |
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Indian Government Shed Light on Proposed Crypto Regulation
Since leaked information regarding India’s cryptocurrency bill emerged, there have been constant discussions about what it entails. Four different government bodies have been asked about their involvement in the drafting of the bill. дальше »
2019-6-22 13:05 | |
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Bittrex Becomes Frontman Investor in VALR Trading Platform’s $1.5 Million for South African Expansion
Bittrex Leads a $1. 5 Million Seed Round for VALR to Promote “Untapped Potential” of the South African Market The South African market for cryptocurrency is starting to grow, which Bittrex CEO Bill Shihara wants to be a part of. дальше »
2019-3-1 06:13 | |
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South Korea Ends Year With 6 Bills to Regulate Crypto Industry
South Korea’s top financial regulator has exclusively shared with news. Bitcoin. com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions. дальше »
2018-12-31 07:58 | |
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Korean Lawmaker Introduces Bill to Promote Cryptocurrency Trading
A South Korean lawmaker has reportedly introduced a bill to promote cryptocurrency trading and the development of crypto exchanges. In addition to requirements such as capital, manpower, and internal systems, the bill proposes establishing a committee to promote and support crypto trading. дальше »
2018-11-29 05:15 | |
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Korean Lawmaker Introduces Bill to Promote Crypto Trading
A South Korean lawmaker has reportedly introduced a bill to promote cryptocurrency trading and the development of crypto exchanges. In addition to requirements such as capital, manpower, and internal systems, the bill proposes establishing a committee to promote and support crypto trading. дальше »
2018-11-29 05:15 | |
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Law Firm: South Africa’s Draft Tax Law Could Affect Cryptocurrency Use
A South African law firm has published a short essay on proposed tax legislation for cryptocurrency in the country. Cox Yeats Attorneys, a Durban-based firm, argues that the Taxation Laws Amendment Bill, published by the National Treasury in July, will be bad for the digital asset industry, according to local media reports. дальше »
2018-11-26 18:15 | |
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French Lawmakers to Lower Cryptocurrency Tax by 6 Percent
French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on bitcoin sales to 30 percent from 36. 2 percent. This will bring cryptocurrency transactions in line with other non-real estate assets, which are taxed at a flat rate of 30 percent. дальше »
2018-11-8 02:00 | |
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Exchanges Protest as Korea Removes Crypto Businesses from Tax Reduction Bill
Local crypto exchanges and blockchain-related non-profit associations have started to formally protest against the government of South Korea for its controversial decision to remove cryptocurrency businesses from its tax reduction bill. дальше »
2018-8-14 04:00 | |
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Ripple (XRP) Cryptocurrency Can Be Used to Pay Bills via Coins.ph in Philippines
Coins. ph Allows 5 Million Users To Pay Bill In Cryptocurrencies South East Asia has been catching up with the western world in crypto adoption. This narrative continues with a new development coming out of Philippines. дальше »
2018-8-10 19:03 | |
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South Korean Regulator Compels Lawmakers to pass the crypto bill urgently
Regulation South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at crypto exchanges. Japan Confirms Entrance Into the Crypto Space Crypto Law Urgently Needed South Korea’s top financial regulator, the Financial Services Commission (FSC), has urged lawmakers to “pass the country’s дальше »
2018-7-28 11:06 | |
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South Korean Regulator Presses Lawmakers to Pass Crypto Bill Urgently
South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at crypto exchanges. There are currently several crypto-related laws pending at the National Assembly. дальше »
2018-7-28 09:45 | |
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Officials in South Africa Propose VAT-Exemption for Bitcoin Trades
Cryptocurrencies are becoming more prevalent to residents living in South Africa and over the past year bitcoin interest stemming from the region has grown exponentially. Furthermore, just recently the South African Treasury has proposed a few amendments that apply to the country’s Taxation Laws Amendment Bill (TLAB) and how cryptocurrencies are taxed. дальше »
2018-7-28 23:45 | |
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Lawmakers pushed to pass South Korea’s first Cryptocurrency Bill
Following a billions-worth heist of cryptocurrency exchanges, South Korea’s financial regulator urged lawmakers to pass the bill bringring exchanges under the FSC’s direct supervision. Over a month ago, two largest cryptocurrency exchanges, operating in South Korea became victims of infamous hackers’ attacks. дальше »
2018-7-28 23:10 | |
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South Korea’s Watchdog Hurries Lawmakers Pass the Country’s First Cryptocurrency Bill
Following a billions-worth heist of cryptocurrency exchanges, South Korea’s financial regulator urged lawmakers to pass the bill bringring exchanges under the FSC’s direct supervision. The post South Korea’s Watchdog Hurries Lawmakers Pass the Country’s First Cryptocurrency Bill appeared first on CoinSpeaker. дальше »
2018-7-27 15:50 | |
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Bitcoin, Ethereum, XRP and other coins to be protected better with the new bill, says South Korean official
On 25th July, South Korean officials made it clear that the country’s governing bodies must come together to enforce cryptocurrency regulations. This comes in the wake of major hacks that has threatened to destabilize the financial markets as well as dissuade people from adopting cryptocurrencies on a larger scale. South Korea is making a steady progress […] дальше »
2018-7-27 23:34 | |
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South Korean Govt Speeds up Legalising Crypto Market Bill
As the cryptocurrency industry reels under pressure due to the high number of crypto crimes and continued security threats, the Regulators urged the government of South Korea to bring in new legislation at the earliest. дальше »
2018-7-27 22:12 | |
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South Korea’s Financial Watchdog Urges Lawmakers to Move Forward With Crypto Bill
Korea’s Financial Services Commission has urged lawmakers to hasten approval of the country’s first crypto bill
дальше »2018-7-26 21:30 | |
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Korean Blockchain Association Gives 12 Local Cryptocurrency Exchanges Clean Bill of Health, Insurance on the Horizon
In a bid to improve the security level and general standards of cryptocurrency exchanges in South Korea, after a series of hacks and heists rattled the local cryptospace, the Korean Blockchain Association (KBA) formulated a set of stringent guidelines that would govern exchanges and crypto-related projects in the state. дальше »
2018-7-17 20:00 | |
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DOJ, U.S. Agencies Seize Over $12M Bitcoin in a Slew of Dark Web Busts
The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust. дальше »
2018-6-27 20:26 | |
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Multiple Crypto Exchange Hacks Lead to Detailed Plans Made by Korean Government
Regulation Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 07:04 | |
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Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 06:10 | |
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