Cryptocoins News / The Cointelegraph - 3 years ago
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said. South Korea’s public pension fund, the Kor...
Cryptocoins News / CoinJournal - 3 years ago
South Korean presidential candidates have started calling for changes in the crypto tax rules to charm the younger generation The controversially and widely debated 20% crypto tax is defining the March South Korea presidential election, according to...
by COINS NEWS - 3 years ago
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More / Etherum Reddit - 3 years ago
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More / Bitcoin Reddit - 3 years ago
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Cryptocoins News / The Cointelegraph - 3 years ago
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders. Lawmakers belonging to South K...
Cryptocoins News / CoinJournal - 3 years ago
The agreement reached last week means that the effective date for taxing cryptocurrencies remains 1 January 2022 South Korea's crypto tax law will come into effect as scheduled after Finance Minister Hong Nam-ki and lawmakers agreed to proceed, despi...
Cryptocoins News / The Cointelegraph - 3 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 - 3 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 - 3 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...
Cryptocoins News / The Cointelegraph - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 years ago
The increased trading volume comes following the Financial Services Commission's requirement that crypto trading platforms register as digital asset service providers before Sept. 24....
Bitcoin News / Bitcoin.com - 3 years ago
On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea,...
Cryptocoins Exchanges / Binance - 3 years ago
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Cryptocoins News / The Cointelegraph - 3 years ago
Any overseas activity outside Korea that has domestic effects or consequences shall be subject to the amended crypto regulation. Due to their anonymity or pseudonymity...
More / Bitcoin Reddit - 3 years ago
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Cryptocoins News / The Cointelegraph - 3 years ago
Shinban Bank, K bank and NH Nonghyup Bank reported a total revenue of 16.9 billion won coming out of partnerships with four crypto exchanges. Three South Korean banks...
Cryptocoins News / NewsBTC - 3 years ago
The Financial Services Commission, the top financial regulator in South Korea, is supposedly staging a closedown for some cryptocurrency exchanges. This move is linked to allegations of fraud in these exchanges. The first move from the FSC is to temp...
Cryptocoins News / The Cointelegraph - 3 years ago
Sources claim that several mid-sized crypto exchanges in South Korea will be unable to get approval from the FSC. South Korea’s top financial regulator, the Financial...
