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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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South Korean Investors Moving From Vietnam Stocks to Tech and Crypto
South Korean investors have been pulling capital out of the Vietnamese stock market and putting it in tech stocks and crypto. The post South Korean Investors Moving From Vietnam Stocks to Tech and Crypto appeared first on BeInCrypto. дальше »
2021-12-10 13:28 | |
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AnChain.AI, Doosan Corporation (Doosan Digital Innovation BU) on Flow
Silicon Valley-based digital asset platform company AnChain.AI today announced its partnership with Doosan Corporation (Doosan Digital Innovation BU- hereafter, DDI), a South Korean multinational conglomerate... дальше »
2021-12-10 09:20 | |
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Singapore Regulator Suspends Bitget Crypto Exchange Over Dispute With Korean Band BTS
The Monetary Authority of Singapore has suspended the Bitget exchange from operating after a dispute relating to Korean pop group BTS. The post Singapore Regulator Suspends Bitget Crypto Exchange Over Dispute With Korean Band BTS appeared first on BeInCrypto. дальше »
2021-12-6 13:51 | |
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South Korea Postpones Crypto Tax, Looking For Votes?
South Korean National Assembly Strategy and Finance Committee approved an amendment to delay to 2023 the taxation that imposes an annual 20% capital gains tax for crypto trading with over 2.5 million Won (US$2,125) in earnings, just after the same taxation had been rushed to happen in 2022 as the lawmakers said postponing it would […] дальше »
2021-12-4 02:58 | |
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South Korean legislators agree to delay taxation of cryptocurrency capital gains
Recurring regulatory hurdles over the past year have had a deep impact on South Korea's booming cryptocurrency industry. Many exchanges and businesses have had to shut shop in the country. Another souThe post South Korean legislators agree to delay taxation of cryptocurrency capital gains appeared first on AMBCrypto. дальше »
2021-11-29 21:30 | |
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Frutti Dino is forming a global governance ecosystem for NFT Games
Monoverse, a new blockchain-based game developer comprising of business and game developers from the significant 3N Korean game companies (NCSOFT, NEXON, and Netmarble) and full-stack developers and eThe post Frutti Dino is forming a global governance ecosystem for NFT Games appeared first on AMBCrypto. дальше »
2021-11-26 08:19 | |
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Korean crypto exchange Flybit obtains official registration from regulators
Korea Digital Exchange Co. , Ltd. , the operator of cryptocurrency exchange Flybit, announced on November 19, 2021, that it has passed the strict examination to complete registration with the Financial Intelligence Unit (FIU) under the Financial Service Commission. дальше »
2021-11-23 01:11 | |
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Algorand (ALGO) Prints 57% Five-Minute Candle After Upbit Exchange Listing
In an announcement on Nov 18, major South Korean crypto exchange Upbit stated that it has listed the ALGO token, causing prices to pump 75%. The post Algorand (ALGO) Prints 57% Five-Minute Candle After Upbit Exchange Listing appeared first on BeInCrypto. дальше »
2021-11-18 10:13 | |
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South Korean lawmakers push back against controversial “know-the-sender” rule
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry. дальше »
2021-11-17 09:05 | |
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Baekdu Technologies Raises $1M From Mirae Asset Ventures
Mirae Asset Venture Investment is a South Korean venture capital specialized in incubation, buyout, growth, and cross-border investments. Mirae Asset's subsidiary Horizon ETF launched the world's first inverse Bitcoin ETF in Canada in 2021. дальше »
2021-11-10 11:25 | |
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Tokens to watch out for on October 29, 2021: Squid Game (SQUID), Ryoshi Token (RYOSHI) and InfinitX (INX).
The Squid Game Project SQUID/USD is a play-to-earn platform that runs on the Binance Smart Chain, which is inspired by the Korean hit series on Netflix. Ryoshi RYOSHI/USD is a meme-token that is intended to be a fan-created utility token. дальше »
2021-10-30 19:44 | |
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Drivers of the Korean Won-Dollar Exchange Rate
South Korea's record of maintaining a trade surplus has helped to keep its won stable against the U.S. dollar. дальше »
2021-10-31 13:00 | |
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Squid game fever grips crypto market, sends token rallying 2500%
Squid Game, the Korean series which was a recent rage on Netflix, now has a spiking market cap. The series-inspired project is a crypto play-to-earn platform on Binance Smart Chain. At press time, The post Squid game fever grips crypto market, sends token rallying 2500% appeared first on AMBCrypto. дальше »
2021-10-29 11:30 | |
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NFTGO.io forms a Partnership with Korea University Blockchain Research Institute, Seeking Business Opportunities in Korean Market
Oct.26, South Korea. NFTGO.io reached official partnership with Korea University Blockchain Research Institute aiming to help the NFT industry grow in healthy and sustainable way. As NFT creates a trend in Korean market, Korean companies are eager to join the emerging NFT-based digital blockchain market and artists, museums and digital asset holders are exploring theRead More дальше »
2021-10-29 11:00 | |
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South Koreans Flock to 1Inch After the Largest Exchange Lists the DeFi Token Along With AAVE
The largest cryptocurrency exchange in South Korea has listed three new coins, including the popular decentralized finance (DeFi) coins AAVE and 1INCH. 1INCH and AAVE were made available in the Korean Won (KRW) market along with the BTC market, where support for another token MASK was provided on Wednesday. дальше »
2021-10-28 18:36 | |
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Terra is preparing to burn more than 9% of the total LUNA supply
Do Kwon, co-founder and CEO of Terraform Labs, the South Korean company behind the blockchain project Terra (LUNA), recently announced on Twitter that the on-chain vote for the project’s proposal 44 will be initiated on Wednesday and will be in a voting period for two weeks. дальше »
2021-10-26 05:30 | |
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Terra founder Do Kwon files lawsuit against the U.S. SEC
Do Kwon and Terraform Labs (TFL), the South Korean company behind the blockchain project Terra (LUNA), are suing the US Securities and Exchange Commission (SEC), last week’s filing shows. The post Terra founder Do Kwon files lawsuit against the U.S. SEC appeared first on CryptoSlate. дальше »
2021-10-26 02:00 | |
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Korea: largest mutual aid association plans to invest in Bitcoin ETFs
The South Korean cryptocurrency market has been going through a tumultuous time in the recent past, with many exchanges having to shut shop due to stringent regulatory measures. This, however, didn't The post Korea: largest mutual aid association plans to invest in Bitcoin ETFs appeared first on AMBCrypto. дальше »
2021-10-25 19:00 | |
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Crypto tax rule will be decisive in South Korea’s upcoming election
South Korean presidential candidates have started calling for changes in the crypto tax rules… The post Crypto tax rule will be decisive in South Korea’s upcoming election appeared first on Coin Journal. дальше »
2021-10-18 15:46 | |
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Over 160 projects will launch on Terra (LUNA) early next year
Terraform Labs, the South Korean company behind the blockchain project Terra (LUNA), continues focusing on advancing the developer activity on the network. The post Over 160 projects will launch on Terra (LUNA) early next year appeared first on CryptoSlate. дальше »
2021-10-17 20:00 | |
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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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South Korean Opposition Challenges Crypto Tax, Pushing for Delay Until 2023
The opposition party in South Korea’s National Assembly is looking to revise the recently announced enforcement on cryptocurrency taxes. The post South Korean Opposition Challenges Crypto Tax, Pushing for Delay Until 2023 appeared first on BeInCrypto. дальше »
2021-10-12 16:13 | |
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Cardano Takes Big Leap With AI To Revolutionize Multi-Trillion Dollar Healthcare Industry
Cardano incorporates AI as part of its diverse use cases after its latest partnership. The robot named Grace is fluent in English and Korean and is designed to cater for the needs of elderly persons. дальше »
2021-10-6 16:46 | |
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No deferral on taxation law, South Korea to tax crypto gains 2022 onwards
As the laws are getting stricter in South Korea, tax filings in the country will also include crypto earnings from 1 January 2022, as per local reports. Earlier, South Korean authorities were mulling The post No deferral on taxation law, South Korea to tax crypto gains 2022 onwards appeared first on AMBCrypto. дальше »
2021-10-2 19:00 | |
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South Korean crypto tax to come into effect in 2022, as planned
The agreement reached last week means that the effective date for taxing cryptocurrencies remains… The post South Korean crypto tax to come into effect in 2022, as planned appeared first on Coin Journal. дальше »
2021-10-2 15:04 | |
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South Korea: Crypto-exchange Upbit to begin ID verification, others to follow suit
South Korean authorities have managed to implement the new regulations regarding cryptocurrency exchanges in the country. This move resulted in 29 out of 66 exchanges shutting shop, following the deadThe post South Korea: Crypto-exchange Upbit to begin ID verification, others to follow suit appeared first on AMBCrypto. дальше »
2021-10-1 23:00 | |
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'Big four' South Korean crypto exchanges survive despite restrictions
h2: 'Big 4' coin exchanges in South Korea stand strong 29 of the 66 South Korea-based crypto exchanges had rushed to meet a stipulated regulatory deadline on 24 September. Following this, the markeThe post 'Big four' South Korean crypto exchanges survive despite restrictions appeared first on AMBCrypto. дальше »
2021-9-26 19:30 | |
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Only 10 Korean Crypto Exchanges Have Made Registration Deadline
Only ten cryptocurrency exchange companies have registered with the KFIU, while only four have additionally secured contracts with banks, which was the second requirement. The post Only 10 Korean Crypto Exchanges Have Made Registration Deadline appeared first on BeInCrypto. дальше »
2021-9-26 17:53 | |
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Just 10 Korean crypto exchanges have registered with the government ahead of deadline
With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities. дальше »
2021-9-25 10:00 | |
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Korean Finance Minister vows crypto taxes starting 2022
South Korea’s Minister of Strategy and Finance Hong Nam-Ki said that the planned law on taxing cryptocurrencies will come into effect at the beginning of next year. The post Korean Finance Minister vows crypto taxes starting 2022 appeared first on CryptoSlate. дальше »
2021-9-19 13:41 | |
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ByBit Discontinues Support for South Korean Language and Community
Cryptocurrency exchange Bybit announced on Friday that it is adjusting service provision in South Korea. In order to be in compliance with local regulatory changes, Bybit will discontinue Korean language support on its official platforms and its official Korean community on social media, effective from Sept. дальше »
2021-9-18 23:01 | |
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South Korea: With 60 exchanges set to close, here's what awaits investors
South Korean exchanges have only a week to register and comply with new regulations that will soon come into effect. However, as predicted, the onset of new regulations will result in over 60 crypto-eThe post South Korea: With 60 exchanges set to close, here's what awaits investors appeared first on AMBCrypto. дальше »
2021-9-17 19:30 | |
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More than 60 South Korean exchanges will suspend trading amid new regulations
South Korea has been trying to come up with cryptocurrency regulations for some time, and it is now ready to implement them. However, before it does it, it ordered over 60 of its local cryptocurrency exchanges to suspend their operations a week before the regulations arrive. дальше »
2021-9-17 09:19 | |
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South Korean lawmaker: Delaying tax laws on crypto is 'inevitable'
“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae. дальше »
2021-9-17 20:15 | |
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42 altcoins face crisis as Korea set to close 75% of all its crypto exchanges
Extensive investor losses are expected as roughly two thirds of South Korean crypto exchanges struggle to meet toughened registration rules. The post 42 altcoins face crisis as Korea set to close 75% of all its crypto exchanges appeared first on CryptoSlate. дальше »
2021-9-14 10:00 | |
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