Cryptocoins News / The Cointelegraph - 2 years ago
Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange....
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
South Korean lawmakers could introduce a massive crypto tax law.Authorities are reportedly considering taxing free tokens bagged from crypto airdrops.The tax could be as high as 50%, Monday’s report revealed.South Korea’s gov...
Bitcoin News / Bitcoinist - 2 years ago
As the use of crypto assets increases, different jurisdictions create laws to govern their applications and controls. Some rules are connected to various aspects, with regulations and taxation taking significant roles.
In a global analysis, cryptocur...
by COINS NEWS - 2 years ago
The South Korean Ministry of Strategy and Finance on 22nd August, responded to a tax law interpretation inquiry on whether a transaction in which a virtual asset issuer provides a virtual asset of the same or a different kind to a member who owns a s...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
The Korea Financial Intelligence Unit announced a crackdown on illegal virtual asset service providers.Authorities named 16 crypto exchanges in a report on Thursday.KuCoin, Bitrue, and DigiFinex and believed to be among the exchanges in...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
Do Kwon is required to notify authorities should he enter South Korea.
Investigators served the request as Kwon is believed to be in Singapore.
Departure bans were also served to several top-ranking Terra executives and managers like Shin...
Bitcoin News / Google News Bitcoin - 2 years ago
South Korean Prosecutors are suspicious of illegal foreign exchange trading
Watchdogs are in strong doubt about money laundering and illegal forex trading
FSS is going head-on against the two lenders.
Money Laundering or Illicit Forex Transactio...
Bitcoin News / Google News Bitcoin - 2 years ago
The Seoul Central District Prosecutor’s Office has reportedly opened a new investigation into illegal foreign remittances of over 2 trillion Korean Won ($1.5 billion).
This money, sid prosecutors, was generated by trading the country’s so-called Ki...
Bitcoin News / Google News Bitcoin - 2 years ago
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transac...
Bitcoin News / Bitcoin.com - 2 years ago
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction d...
by COINS NEWS - 2 years ago
tldr; South Korea's Southern District Prosecutors raided Terraform Labs co-founder Daniel Shin’s home to investigate possible illegal activities. Authorities are probing whether founder Do Kwon manipulated the price of TerraUSD and whether he is gui...
Cryptocoins News / Blockchain - 2 years ago
FTX, a global cryptocurrency exchange headquartered in the Bahamas, is in talks to acquire its rival Bithumb, South Korea’s leading cryptocurrency exchange, according to people familiar with the matter.
The deal is already in an advanced stage, sai...
Bitcoin News / Bitcoinist - 2 years ago
South Korean authorities have yet again postponed imposing crypto tax until 2025, mentioned in the official announcement. This new proposal aligns with the new President Yoon Suk-yeol’s view, which is of the opinion that crypto taxation is seco...
Bitcoin News / Bitcoinist - 2 years ago
Per a report from TheBlock, the popular crypto exchange FTX is exploring the potential purchase of Bithumb. The South Korean platform will engross the list of the Sam Bankman Fried company’s recent acquisitions.
Related Reading | Epic Games CEO...
Cryptocoins News / CoinJournal - 2 years ago
The South Korean government has moved to defer proposed cryptocurrency taxes up to 2025. The country has cited the weak market conditions as one of the reasons for the move.
This is a big move considering South Korea is one of the biggest global cr...
Cryptocoins News / EthereumWorldNews - 2 years ago
South Korean authorities have raided the home of Terraform Labs co-founder Daniel Shin.
Officials also recently sent prosecutors and investigators to seven cryptocurrency exchanges in connection with the case.
The Terraform Labs investigation is r...
Cryptocoins News / Blockchain - 2 years ago
For the second time in about two years, South Korean lawmakers have postponed the implementation of the crypto tax policy, which seeks to impose a 20% tax on accrued gains from digital currency transactions surpassing 2.5 million won ($1,900).
The...
Cryptocoins News / The Cointelegraph - 2 years ago
The South Korean government has reportedly postponed the 20% tax crypto gains by two years. The controversial 20% tax on crypto gains was supposed to come into effect from January 1, 2023, but has been deferred to 2025.
The government officials anno...
by COINS NEWS - 2 years ago
tldr; South Korean prosecutors carried out search and seizure operations at local crypto-currency exchanges and related offices, looking for evidence of illegal practice involved in the collapse of Luna in May. Investors have made fraud accusations...
Cryptocoins News / The Cointelegraph - 2 years ago
Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, including seven crypto exchanges.
According to a Wednesday report from News1 Korea, the Joint Financial and Securities C...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
Investigations into Terra’s collapse continue with fresh efforts from local authorities.
South Korean prosecutors raided seven exchanges on Wednesday as part of a probe into the matter.
Documents and transaction records from the offices o...
Cryptocoins News / NewsBTC - 2 years ago
Wemade (a pioneer South Korean game developer and publisher) announced on July 12th that its CEO Henry Chang exercised his stock options and bought 223,504 shares for an astonishing USD 2.67 million (KRW 3,5 billion) and did not sell a single share....