Wednesday, August 4, 2021
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LATEST NEWS

South Korea’s Busan city to establish digital asset exchange

According to Coindesk Korea, Busan city has started setting up detailed plans and strategies in establishing a digital asset exchange. Its plans include building...

South Korean authorities to collect delinquent taxes from crypto cold wallets

South Korea’s newly amended tax law will allow authorities to collect delinquent taxes hidden in cryptocurrency cold wallets. The Ministry of Economy and Finance yesterday...

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

Korean Financial Intelligence Unit Notifies Foreign Crypto Exchanges of Registration Obligations Access to foreign-based cryptocurrency exchanges can be denied and the platforms may face criminal...

Strong pressure on foreign VASPs is making the domestic cryptocurrency market more chaotic

Financial Services Commission (FSC) "We will actively respond to illegal, unreported operations of foreign VASPs." Since there is a possibility that foreign Virtual Asset Service...

Major Korean bank to launch crypto custody services

One of the largest financial institutions in South Korea, Woori Financial Group, will soon start offering its customers cryptocurrency custody service through a project...

Bank of Korea Chooses Ground X as Supplier for CBDC Pilot

The Bank of Korea (BOK) has chosen its preferred supplier to build a pilot platform for its central bank digital currency (CBDC) pilot. South...

Classified into 3 types of 500 coins.. Managed by the Financial Services Commission by...

The Financial Services Commission has started to categorize domestically traded virtual currencies according to their functions. It is largely divided into payment and settlement...

Dunamu and FnGuide announce top 5 digital assets

Dunamu, operator of the country’s largest cryptocurrency exchange, announced on Sunday its top five digital asset index with financial market tracker FnGuide, amid a...

South Korean Regulator Analyzing 578 Cryptocurrencies

South Korea Prepares to Regulate Crypto Industry The South Korean National Assembly’s National Policy Committee is currently deliberating on four cryptocurrency-related bills for the regulation...

3 Firms Vie to Develop South Korea’s CBDC Pilot

Three South Korean firms will compete for the chance to develop the central bank’s digital currency (CBDC) pilot. The Bank of Korea (BOK) confirmed on...
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