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South Korea to amend tax laws for addressing tax evasion by crypto investors
Cryptocurrency investors in South Korea may have to revisit their tax filings to include crypto earnings as the laws get stricter. The government of South Korea recently proposed a revision of its taxThe post South Korea to amend tax laws for addressing tax evasion by crypto investors appeared first on AMBCrypto. дальше »
2021-7-27 03:00 | |
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Is ICON (ICX) a good buy in August 2021?
ICON ICX/USD has advanced from $0.65 close to $0.90 since 21st July, and the current price stands around $0.83. Fundamental analysis: Demand for ICX will continue to grow and exist with a strong user base The ICON Network is the largest public blockchain project in South Korea with a mission to connect online communities with […] The post Is ICON (ICX) a good buy in August 2021? appeared first on Invezz. дальше »
2021-7-27 00:45 | |
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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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Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners
The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. дальше »
2021-7-24 11:00 | |
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South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns
South Korean regulators are ramping up measures to protect its citizens from fraudulent activities carried on by foreign crypto-projects. In fact, it has now announced that it will be blocking foreignThe post South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns appeared first on AMBCrypto. дальше »
2021-7-23 03:30 | |
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South Korea: Crypto Exchanges Must Register in 2 Months, Warns FSC
The South Korean government’s top financial regulator warned Thursday that foreign cryptocurrency exchanges that target Koreans would risk banned access to their websites as well as criminal investigations unless they register with the country’s anti-money laundering authority. дальше »
2021-7-23 23:00 | |
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South Korea to take action against unregistered crypto exchanges
Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time.
дальше »2021-7-23 22:33 | |
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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. дальше »
2021-7-23 19:30 | |
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Only 0.02% of Stimulus Checks Spent on Bitcoin, says Cleveland Fed
EIPs had a 3. 8% increase, a “significant but modest” effect in the volume of BTC/USD buy trading volume, same as in Japan, Singapore, and South Korea, which was limited to younger people. As such, policymakers shouldn’t be concerned about money being diverted to crypto when considering similar economic relief programs in the future, the Fed said. дальше »
2021-7-22 17:57 | |
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South Korea's central bank chooses Kakao's Ground X for digital currency project
South Korean tech giant Kakao Corp.'s blockchain arm Ground X is in the news today after it was chosen for running experiments for Bank of Korea's digital currency. The central bank of South Korea The post South Korea's central bank chooses Kakao's Ground X for digital currency project appeared first on AMBCrypto. дальше »
2021-7-21 03:30 | |
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Bank of Korea Taps Kakao Blockchain Subsidiary for CBDC Project
South Korea’s central bank, the Bank of Korea (BOK), has selected Ground X, the blockchain subsidiary of internet company giant Kakao, to work with the BOK on its central bank digital currency (CBDC) project. дальше »
2021-7-21 23:00 | |
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South African Central Bank Warns Citizens Against Accepting Tainted Banknotes
A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink. дальше »
2021-7-20 11:30 | |
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Infinity8.io and Sacha Jafri Makes NFT History at AmFAR 2021
As cameras flashed at tonight’s 27th amFAR gala at the Cannes film festival in the south of France, one star continued to shine, the world’s second highest-selling living artist, Sacha Jafri. дальше »
2021-7-20 10:34 | |
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Infinity8.io and Sach a Jafri makes NFT history at amFAR 2021
As cameras flashed at tonight’s 27th amFAR gala at the Cannes film festival in the south of France, one-star continued to shine, the world’s second highest-selling living artist, Sacha Jafri. дальше »
2021-7-20 08:00 | |
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Гонконгская газета SCMP токенизирует 118-летний архив в виде NFT
Старейшая англоязычная газета Гонконга South China Morning Post (SCMP) выпустит серию NFT с использованием нового стандарта токенов ARTIFACT, предназначенного для записи исторических активов на блокчейне. дальше »
2021-7-20 17:12 | |
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Alibaba's South China Morning Post ventures into NFTs
China's prominent newspaper, The South China Morning Post announced the launch of its non-fungible token [NFT] collection. The newspaper is owned by Alibaba Group's Jack Ma; the NFT will aim to createThe post Alibaba's South China Morning Post ventures into NFTs appeared first on AMBCrypto. дальше »
2021-7-19 13:00 | |
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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. дальше »
2021-7-19 00:30 | |
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South Korea: Bithumb's latest severance of ties casts shadow on recent regulations
Crypto-regulations recently introduced in South Korea have created a slew of problems for companies in the space. Following numerous major steps taken by Bithumb to comply with the regulatory requiremThe post South Korea: Bithumb's latest severance of ties casts shadow on recent regulations appeared first on AMBCrypto. дальше »
2021-7-18 01:30 | |
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Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. дальше »
2021-7-17 09:00 | |
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Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek to help African blockchain start-ups. дальше »
2021-7-16 06:30 | |
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FSC Chairman: Foreign Crypto Exchanges Offering Korean Won to Comply With AML Rules
The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo has said that cryptocurrency exchanges operating abroad that offer the Korean won trading pair must register with the anti-money laundering (AML) regulator. дальше »
2021-7-14 11:00 | |
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South American Soccer Cup “Copa America” Trophy To Be Minted As An NFT
2021’s South American Soccer cup, “Copa America”, winner’s trophy will be minted as a Non-fungible Token (NFT). Ethernity Chain To Mint Copa America Trophy As An NFT The South American Football Federation (called “CONMEBOL”) has announced that it’s partnering with Ethernity Chain for minting the NFT. дальше »
2021-7-13 22:00 | |
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South Korean regulators demand this from foreign exchanges
The financial regulators in South Korea have asked the exchanges based outside the country to register with the anti-money laundering body if they were using the Korean Won. Eun Sung-soo, the ChairmanThe post South Korean regulators demand this from foreign exchanges appeared first on AMBCrypto. дальше »
2021-7-13 17:29 | |
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China’s Crackdown on BTC Mining Shifts Hash Power to the West; More Miners to Come Online
US Bitcoin mining facility operator Compute North has disclosed plans to expand its services. The firm, which has centers hosting Bitcoin miners in Texas, Nebraska, and South Dakota, intends to scale up its capacity by 1. дальше »
2021-7-12 21:43 | |
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South Korea: Here's the dilemma exchanges are facing
Although the government tried to regulate the space, new rules have added to the woes of the crypto businesses in South Korea. As per the latest updates, South Korean banks were avoiding extending theThe post South Korea: Here's the dilemma exchanges are facing appeared first on AMBCrypto. дальше »
2021-7-12 14:00 | |
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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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South African crypto money transfer platform Xago secures new funding
Xago, a South African crypto fintech that focuses on an all-inclusive approach to money transfers, announced that it has raised further funding from shareholders to continue its growth trajectory by expanding in all aspects of the business. дальше »
2021-7-13 11:36 | |
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Get Paid for Excrement: This Eco-Friendly Toilet Pays You in Digital Currency
An eco-friendly toilet that pays people in digital currency for using it has been installed at a university in South Korea. The toilet is connected to a laboratory that uses excrement to produce biogas, which is used as a source of energy at the university. дальше »
2021-7-11 06:30 | |
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South Korea: LINE Unveils Blockchain-Based CBDC Solution
LINE Plus, a subsidiary of popular IM service provider LINE recently unveiled a blockchain-based CBDC solution. LINE Plus Launches CBDC Solution It would seem private entities are not shying away from entering the central bank digital currency (CBDC) waters. дальше »
2021-7-10 23:00 | |
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‘Poopcoin’: Korean professor uses bio-waste to mine crypto
Students in a South Korean college are earning crypto mined from the energy generated from their excrement.
дальше »2021-7-10 14:59 | |
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Crypto Investing has Left Gen Z Koreans With Massive Debt, Claims Government Official
A member of South Korea’s National Assembly has stated that the debts of the country’s younger generation saw a massive increase due to investment in cryptocurrency, stocks, and real estate. дальше »
2021-7-9 23:00 | |
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$1.4 billion illegal crypto transactions – 33 persons indicted in Korea
Seol’s Central Customs is currently investigating 33 people allegedly in the illegal overseas cryptocurrency transactions of 1. 69 million won (USD 1. 48 billion) in South Korea. According to the report, the individuals were caught during a pan-governmental investigation. дальше »
2021-7-9 19:09 | |
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Korean investigation finds $1.48B in illegal overseas crypto transactions
More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions. дальше »
2021-7-8 14:26 | |
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South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. дальше »
2021-7-8 13:00 | |
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33 face heat in Korea over alleged $1.48 billion in crypto transfers
Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1. 69 trillion won ($1. 48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. дальше »
2021-7-8 07:00 | |
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Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. дальше »
2021-7-8 19:30 | |
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South Korea’s Shinhan Bank joins Klatyn Governance Council
Shinhan Bank is the first traditional financial institution in Korea to join the council,… The post South Korea’s Shinhan Bank joins Klatyn Governance Council appeared first on Coin Journal. дальше »
2021-7-6 13:44 | |
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