Cryptocoins News / The Cointelegraph - 2 years ago
The crypto tax will begin for South Koreans in 2022 but some industry observers say there is no cause for concern. Lawmakers in South Korea settled a long political ba...
Bitcoin News / Bitcoin.com - 2 years ago
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer...
Bitcoin News / Bitcoin.com - 2 years ago
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-mon...
Cryptocoins Exchanges / Binance - 2 years ago
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Bitcoin News / Bitcoin.com - 2 years ago
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchang...
Bitcoin News / Bitcoin.com - 2 years ago
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well...
Bitcoin News / Bitcoin.com - 2 years ago
The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to rem...
Cryptocoins News / The Cointelegraph - 2 years ago
Amid the looming regulatory deadline in South Korea, a major crypto exchange is closing up shop in the country. Bybit, one of the world’s top cryptocurrency derivative...
Cryptocoins News / The Cointelegraph - 2 years ago
South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down. South K...
Cryptocoins News / The Cointelegraph - 2 years ago
The ruling party is planning to attempt a postponement of the crypto tax laws, but the Finance Minister is not for turning. South Korean Minister of Strategy and Finan...
Cryptocoins News / The Cointelegraph - 2 years ago
“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...
Bitcoin News / Bitcoin.com - 2 years ago
A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect ho...
Cryptocoins News / CoinJournal - 2 years ago
Delisting of smaller altcoins and exchange shutdowns could see investors lose more than $2.6 billion
Almost two-thirds of cryptocurrency exchanges in South Korea could shut down for non-compliance with new regulatory requirements, the Financial Times...
More / Bitcoin Reddit - 2 years ago
South Korea’s Financial Transaction Reports Act is requiring all crypto exchanges to register with the Financial Services Commission (FSC) around the 24th of September. The action was caused by the country’s anti-money laundering and know-your-custom...
Cryptocoins News / The Cointelegraph - 2 years ago
Failure to meet South Korean regulators’ new requirements is expected to wipe out tens of crypto exchange operators. The deadline for South Korean crypto exchanges to...
Cryptocoins News / The Cointelegraph - 2 years ago
Failure to meet South Korean regulators’ new requirements is expected to wipe out tens of crypto exchange operators. The deadline for South Korean crypto exchanges to...
Bitcoin News / Bitcoin.com - 2 years ago
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with...
Cryptocoins News / The Cointelegraph - 2 years ago
Blockchain VC investment firm Hashed is seeking $173 million for a second fund. One of South Korea’s leading blockchain evangelists is embarking on another huge bloc...
Cryptocoins News / The Cointelegraph - 2 years ago
South Korean telecommunication giant KT Corp announced its intent to launch a blockchain digital document initiative to tackle carbon emissions. A major South Korean...
Cryptocoins News / The Cointelegraph - 2 years ago
China’s Blockchain Service Network is going global, with Korean blockchain firm MetaverseSociety announced as the first BSN portal operator outside of China. Red Date...