Friday, December 4, 2020
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LATEST NEWS

South Korea approves delaying crypto tax rule to January 2022

South Korea will enforce a 20% tax on gains from crypto trading activities that exceed a $2,000 threshold starting from January 2022. The Yonhap News...

South Korea’s Banking Giant to Co-create ‘Crypto Bank’ for Exchanges

South Korean banks are rapidly stepping up their crypto game, with Kookmin (KB), one of the biggest commercial banks in the country, co-creating a...

Cryptocurrency experts still hopeful despite sharp drop in values last week

Cryptocurrency bitcoin plunged Thursday night after a weekslong rally, while other crypto coins also posted double-digit percentage declines. The precipitous fall raised the alarm...

South Korea May Postpone Crypto Taxation Until 2022

The Strategy and Finance Committee of the South Korean National Assembly has proposed to postpone the introduction of income tax on cryptocurrency transactions until...

Strong outlook for the crypto market in South Korea

The most surprising detail from the report shows how traders on Korean exchanges heavily favor trading alts over Bitcoin or even DeFi coins. Only...

Korea Cryptocurrency Exchange Excited

Bithumb Korea, which operates Bithumb Korea, posted 149.3 billion won in sales and 83.8 billion won in net profit by the third quarter of...

Huobi Plans Takeover of Major Japanese and South Korean Crypto Exchanges

Huobi Eyes bitFlyer and Bithumb Acquisition According to an exclusive report by Chinese crypto news source @WuBlockchain, Huobi is set to purchase major Asian crypto...

South Korean payment firm Danal announces to accept cryptocurrency.

South Korean fintech payment firm Danal announced to accept cryptocurrencies. Danal claims to be the first major payment service in South Korea to accept...

Survival of Cryptocurrency Exchanges Hinges on Banks

The Financial Services Commission announced on Nov. 2 an amendment to the enforcement decree of the Act on Reporting and Use of Certain Financial...

South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and Using Specified Financial Transaction...

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