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South Korean Regulators Want Crypto Businesses to Report Transaction Info or Face Jail Time
Establishing this law is part of the new wave of regulation in South Korea to operate crypto businesses transparently. Existing firms will have six months to comply with the rules or face strict penalties. дальше »
2021-3-19 00:07 | |
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South African Crypto Exchange Suspends Bitcoin & Litecoin Withdrawals Due to Balance ‘Discrepancies’
South Africa-based cryptocurrency exchange iCE3 suspended Bitcoin (BTC) and Litecoin (LTC) withdrawals this week after noting “discrepancies” in the balances of these crypto-assets on the platform. дальше »
2021-3-19 20:27 | |
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South African Exchange Ice3x Suspends Trading After Noting Discrepancies in Balances of BTC and LTC
A South African crypto exchange, Ice3x, suspended trading on its platform on March 16 after noting discrepancies in balances of bitcoin and litecoin held on the platform. At the time of writing, the exchange had not revealed the cause of the mismatches in balances or when it expects trading to resume. In the meantime, a […] дальше »
2021-3-18 13:05 | |
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IOST partners to explore the NFTs and DeFi industry
Decentralized and privacy-focused network IOST has announced it will be focusing its network on Non-fungible tokens (NFTs) and decentralized finance (DeFi). IOST has collaborated with software development teams and companies in Japan, China, and South Korea to make this possible. дальше »
2021-3-17 14:56 | |
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South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation
South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. дальше »
2021-3-17 08:30 | |
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IOST to Focus on NFTs, DeFi, and Expanding their Global Reach
From now on, the primary focus of the IOST blockchain—an enterprise-grade, highly scalable, and decentralized network, will be on NFTs, DeFi, and geographical expansion. Global Expansion Beyond China, South Korea, and Japan Already, IOST has struck partnerships with companies and software development groups in South Korea, China, and Japan. Their plan, therefore, is to joinRead More дальше »
2021-3-16 15:04 | |
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Report all crypto transactions or face 5-year jail term in South Korea
Strict reporting rules for crypto businesses in South Korea are set to come into effect, with existing firms given six months to comply or face stiff penalties. дальше »
2021-3-17 11:58 | |
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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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Bitcoin trading volume in South Korea dismounts county’s entire stock exchange market
On the 14th of March, the daily domestic cryptocurrency transactions from the four major Crypto exchanges in South Korea surprisingly exceeded the combined daily average transaction of KOSPI and KOSDAQ. дальше »
2021-3-16 18:51 | |
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South Korean crypto exchange volumes surpass those of its entire stock market
The country is one of the biggest markets for crypto in the world and is known for its ‘Kimchi Premium. ’ The month it went ballistic South Korean crypto exchanges are now processing more volumes each day compared to traditional stock exchanges, a report on local publication Hankyung said Monday. дальше »
2021-3-15 15:49 | |
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South Korea cracks down on tax evaders using cryptocurrencies
As prices in the crypto market surge, the other side of the market has been witnessing a rise in criminal activities. On Monday, South Korea's tax agency reportedly caught 2,400 individuals who were hThe post South Korea cracks down on tax evaders using cryptocurrencies appeared first on AMBCrypto. дальше »
2021-3-15 14:30 | |
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Xeno Holdings Invests In South Korean-Based CityLabs Co. Ltd
Xeno Holdings Limited, a Hong Kong-based technology investment company, has invested major capital in CityLabs Co. Ltd to further venture into the South Korean market and Asia at large. The company has recently shown interest in penetrating the South Korean market stating favoring conditions. дальше »
2021-3-15 12:49 | |
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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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Penta Security Taps Blockchain for Electric Vehicle Battery Data Collection
South Korea’s Penta Security has announced that it is using distributed ledger technology (DLT) for the collection, storage, and sharing of data related to electric vehicles (EV). The firm says it’s collaborating with AutoCrypt to develop a platform that will promote the safety, efficiency, and environmental friendliness of electric vehicles. Penta Making EVs Better withRead More дальше »
2021-3-13 02:00 | |
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South Korea Revises Penalties to Strengthen KYC/AML Compliance Across Crypto Exchanges
The laws will come into effect on March 25, a statement reads. The post South Korea Revises Penalties to Strengthen KYC/AML Compliance Across Crypto Exchanges first appeared on BitcoinExchangeGuide. дальше »
2021-3-12 19:32 | |
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South Korean bank completes pilot program for digital currencies
South Korean Shinhan Bank has announced the completion of a pilot program for central bank digital currencies (CBDC), a project it collaborated with LG CNS. The project was first announced in November last year, and it seems to be independent of the central bank. дальше »
2021-3-11 17:26 | |
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Exchanges in South Korea face huge fines for AML non-compliance
South Korea’s Financial Services Commission (FSC) announced yesterday it would be imposing penalties for… The post Exchanges in South Korea face huge fines for AML non-compliance appeared first on Coin Journal. дальше »
2021-3-12 14:32 | |
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Korea’s Shinhan Bank Completes Digital Won CBDC Pilot
Shinhan Bank of South Korea has announced the completion of its central bank digital currency (CBDC) pilot. The project was carried out in conjunction with LG CNS and the team claims the pilot is in a bid to get the bank ready for the eventual launch of the nation’s digital won by the Bank ofRead More дальше »
2021-3-11 02:00 | |
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South Korea's Shinhan Bank collaborates with LG to build CBDC platform
South Korea’s Shinhan Bank will collaborate with the country’s central bank to issue a Korean Central Bank Digital Currency (CBDC). According to reports emerging from local South Korean media, The post South Korea's Shinhan Bank collaborates with LG to build CBDC platform appeared first on AMBCrypto. дальше »
2021-3-10 16:45 | |
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BGBF-I goes live as South East Asia’s first-ever insured Bitcoin fund
Malaysia-based BCMG Genesis Bitcoin Fund-I (BGBF-I) has launched as South East Asia’s first insured Bitcoin fund. A press release disclosed this news on March 8, noting that the fund aims to meet the increasing interest in the crypto space by accredited institutional and corporate investors. дальше »
2021-3-11 15:42 | |
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South Korean Shinhan Bank pilots digital currency platform with LG CNS
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS.
дальше »2021-3-10 14:57 | |
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South African Crypto Businesses Decry Lack of Amenable Regulations
Bitcoin-linked businesses in South Africa are criticizing the government for its slow approach towards implementing clear and amenable regulation for the industry. The firms are threatening to orchestrate a mass exodus if things remain the same, according to a Bloomberg report on March 9, 2021. дальше »
2021-3-10 01:00 | |
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Bitcoin ETF Launches in Malaysia in Regional First
Another One, In Another Place A Malaysian Bitcoin exchange-traded-fund (ETF) will be the first insured fund to launch in the South East Asia (SEA) region. The launch comes as the first in the region, which sees growing institutional interest in the cryptocurrency space. дальше »
2021-3-10 22:42 | |
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South African Crypto Firms Threaten To Leave Amid Regulatory Uncertainty
The arrival of crypto-assets in Africa was seen as the end of financial exclusion in a continent that has remained in the dark ages for so long. With cryptocurrencies making it possible for retail investors to dictate how they spend their money and what they get in return, the continent quickly embraced the industry. дальше »
2021-3-10 20:19 | |
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South African crypto firms warn opaque regulations are harming the industry
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
дальше »2021-3-9 08:31 | |
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South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. дальше »
2021-3-9 05:30 | |
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South Korea: ICON Foundation Will Not Be Charged Even As ICONLOOP is Under Investigation
An official response by ICON to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP has been released. President Min Kim Makes a Clarification The ICON Foundation President Min Kim said in an announcement that the ICON Foundation will not be under the influence of the investigation. The ICON Foundation isRead More дальше »
2021-3-9 21:00 | |
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Crypto Artist Daniella Attfield Rewrites History Through NFTs
“Artists are historians and their art the journal,” the Singart team once wrote. This statement is most certainly true in the case of young South African crypto artist Daniella Attfield who is rewriting the history of art through non-fungible tokens. дальше »
2021-3-9 19:04 | |
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South Korea: How are 'crypto-moms' leading the 'second boom?'
Thanks to the recent bull rally, many more people are turning towards the cryptocurrency market all around the world. This has been the case in Asia too, with countries such as Japan and India registeThe post South Korea: How are 'crypto-moms' leading the 'second boom?' appeared first on AMBCrypto. дальше »
2021-3-6 18:00 | |
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South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic
As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country. дальше »
2021-3-6 00:00 | |
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Pluto exchange to launch Chainlink node
Amid an “increasing” demand from developers that need high-quality API data directly on the blockchain, South Korean crypto exchange Pluto will launch their own Chainlink node in order to make theThe post Pluto exchange to launch Chainlink node appeared first on AMBCrypto. дальше »
2021-3-5 01:30 | |
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ProBit Exchange Lists EXGold (EXG) | Gold For The Digital Age
EXGold (EXG) has officially listed their token EXG on ProBit Exchange as the digital gold solution solidifies their partnership networks with one of the top South Korean exchanges and its global demographics. дальше »
2021-3-4 17:30 | |
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Ethereum, Cosmos, VeChain Price Analysis: 26 February
Ethereum registered a strong pullback as far south as $1,420 as this level of support was put to the test multiple times in the past few days. Cosmos held on to the $17-level at the time of writing, bThe post Ethereum, Cosmos, VeChain Price Analysis: 26 February appeared first on AMBCrypto. дальше »
2021-2-27 21:00 | |
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Bank of Korea Governor Bashes ‘Volatile’ and ‘Invaluable’ Bitcoin
Lee Ju-yeol, South Korea’s central banking chief, has slammed Bitcoin for its volatility. Several policymakers have also criticized Bitcoin, following a week of extreme volatility in the asset’s price. дальше »
2021-2-25 22:51 | |
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Binance Coin, Waves, Zcash Price Analysis: 23 February
Binance Coin moved south from its descending triangle, but a recovery above its 0.5 Fibonacci level looked likely over the next few trading sessions. Similarly, WAVES and Zcash also showed signs of a The post Binance Coin, Waves, Zcash Price Analysis: 23 February appeared first on AMBCrypto. дальше »
2021-2-24 21:00 | |
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South Korea’s Crypto Tax Law Coming in 2022
The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial crypto tax plan. According toRead More дальше »
2021-2-23 02:00 | |
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South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions
South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings. дальше »
2021-2-23 01:00 | |
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Nigeria and South East Asia led global crypto adoption in 2020
Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
дальше »2021-2-18 08:47 | |
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Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms
Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it. дальше »
2021-2-18 07:30 | |
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