Cryptocoins News / The Cointelegraph - 1 year ago
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings. The South Korean g...
Cryptocoins News / CoinJournal - 1 year ago
Key takeaways
South Korean financial regulator wants companies to disclose their crypto assets in their financial statements.
The aim is to improve accounting transparency amongst companies operating in the country.
South Korea introduces a new...
Cryptocoins News / Finance Magnates - 1 year ago
Companies holding or trading cryptocurrencies in South Korea will be required to disclose information about
their transactions to the financial regulator, according to the draft rules
released by the country's Financial Services Commission (FSC) yest...
Cryptocoins News / The Cointelegraph - 1 year ago
Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway. Terraform Labs co-found...
Bitcoin News / Bitcoinist - 1 year ago
Terra’s legal trouble continues with South Korea’s Seoul Southern District Court conducting the initial preliminary hearing for Daniel Shin, the co-founder of Terraform Labs, along with seven other former Terra employees.
However, Shin, who st...
Bitcoin News / Bitcoinist - 1 year ago
A consortium of leading cryptocurrency exchanges in South Korea has introduced a system designed to notify users about price volatility and fluctuations in cryptocurrency prices.
This initiative aims to provide users with timely information and alert...
Cryptocoins News / Finance Magnates - 1 year ago
A group of South Korea’s major cryptocurrency exchanges
has launched a system that alerts users of abnormal changes in the prices of
cryptocurrencies. The alliance, dubbed the Digital Asset Exchange Association
(DAXA) and comprising Upbit, Bithumb, C...
by COINS NEWS - 1 year ago
South Korea’s National Assembly on Friday approved a bill that focuses on protecting the interests of cryptocurrency investors in the country’s first step to build a legal framework devoted to such digital assets, according to the Assembly’s of...
Cryptocoins News / The Cointelegraph - 1 year ago
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month. According to a report by loc...
Cryptocoins News / CoinJournal - 1 year ago
Bitcoin Cash has skyrocketed to a 14-month high above $320, hitting highs of $326 on Coinbase.
BCH upside momentum has increased since Wall Street-backed EDX listed the coin alongside BTC, ETH and LTC.
A spike in volume on South Korea exchange Upbit...
Bitcoin News / Bitcoinist - 1 year ago
The South Korean government has ushered in an era of stricter regulation for digital assets with its latest Virtual Asset User Protection legislation. The law has been enacted as a response to a series of scandals that rocked the crypto market, inclu...
by COINS NEWS - 1 year ago
South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading. South Korea’s government...
Cryptocoins News / Blockchain - 1 year ago
In a landmark move for South Korea's cryptocurrency sector, the Cryptocurrency User Protection Act (also known as the Cryptocurrency Investor Protection Law) has successfully passed through the Legal Affairs Committee, marking a momentous milestone i...
Bitcoin News / Bitcoinist - 1 year ago
Bitcoin (BTC) received a significant legal judgment from the Seoul High Court Civil Division, which has concluded that it should not be classified as money.
This pivotal ruling exempts the leading cryptocurrency from adhering to the lending business...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Exempted From Interest Rate: South Korean Court Rules Crypto 'Is Not Money' | Bitcoinist.com& & Bitcoinist
Bitcoin News / Bitcoinist - 1 year ago
Crypto related transactions have put a South Korean lawmaker under scrutiny, leading to potential disciplinary actions as an advisory panel of the country’s parliamentary ethics committee set a meeting for Monday. The allegations against the fi...
by COINS NEWS - 1 year ago
A South Korean court has ruled that “Bitcoin (BTC) is not money,” and that “interest rate rules don’t apply” to business deals involving cryptoassets. They think that it is ‘impossible to set interest rates when lending bitcoin’ as cryptocurrency is...