Bitcoin News / Bitcoin.com - 3 years ago
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approve...
by COINS NEWS - 3 years ago
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Cryptocoins News / The Cointelegraph - 3 years ago
Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time. The South Korean government announced today that...
Bitcoin News / Bitcoin.com - 3 years ago
Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registra...
More / Etherum Reddit - 3 years ago
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Bitcoin News / Bitcoin.com - 3 years ago
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country&rsq...
Cryptocoins Exchanges / Binance - 3 years ago
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More / Bitcoin Reddit - 3 years ago
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Bitcoin News / Bitcoin.com - 3 years ago
Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the thi...
Cryptocoins News / The Cointelegraph - 3 years ago
The Bank of Korea plans to select an operator to run a blockchain-based CBDC pilot next month that will test a digital won in various use cases. Affiliates of South K...
by COINS NEWS - 3 years ago
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Cryptocoins News / CoinJournal - 3 years ago
Shinhan Bank is the first traditional financial institution in Korea to join the council, which already includes Celltrion and LG Electronics Public blockchain platform Klatyn announced yesterday that Shinhan Bank, one of south-east Asia’s larg...
Cryptocoins News / The Cointelegraph - 3 years ago
Apart from participating in the co-governance process of Klaytn, Shinhan Bank will also be involved in the development of Klaytn-based digital services. Shinhan Bank,...
Bitcoin News / Bitcoin.com - 3 years ago
One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a...
More / Bitcoin Reddit - 3 years ago
Although it is not a direct payment with Bitcoin, it is possible to pay after converting it to Paycoin (PCI) in the Paycoin app. This allows the transaction to be approved immediately, without having to wait 10 minutes. Currently, PayCoin can be paid...
Cryptocoins News / CoinJournal - 3 years ago
A renowned TV host and a doctor are among wealthy individuals whose crypto assets were confiscated by the government. South Korea authorities have seized over $47 million worth of Bitcoin and Ethereum as well as other cryptocurrencies, the Financial...
Cryptocoins News / The Cointelegraph - 3 years ago
Exchange tokens are falling under the scrutiny of South Korean regulators. The increased regulatory scrutiny that befell South Korea’s cryptocurrency space in recent t...
Cryptocoins News / The Cointelegraph - 3 years ago
Stringent regulatory policies in South Korea could force many small- and medium-sized crypto exchanges out of the country. Authorities in South Korea are continuing to...
Cryptocoins News / The Cointelegraph - 3 years ago
South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency. South Korea’s Financial Services...
Bitcoin News / Bitcoin.com - 3 years ago
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attende...
Cryptocoins News / The Cointelegraph - 3 years ago
The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight. Small and medium-sized exchanges in South Korea had a chance to express...
Cryptocoins News / The Cointelegraph - 3 years ago
Upbit exchange paid 10 times more in fees to South Korean internet bank K Bank Q1 2021 than in the previous quarter. As cryptocurrency markets grew in the first quarte...
Bitcoin News / Bitcoin.com - 3 years ago
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be re...
Bitcoin News / Bitcoin.com - 3 years ago
As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global cryp...
Cryptocoins News / CoinJournal - 3 years ago
South Korea has made significant progress towards development of its digital currency. South Korea’s central bank has revealed it will be launching its CBDC pilot program. The move represents the country’s latest efforts to develop a cent...
