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LATEST NEWS

Electronic display of cryptocurrecny trading site Bithumb. © News1 Shin Woong-soo

Cryptocurrency Trading Industry Facing the Expiry of Real Name Account Contract…Stricter Requirements of Banks

Last year, the domestic cryptocurrency trading industry, which was struggling due to massive damage caused by hacking and tax burden, stands at the crossroads...

“Find the Next Growth Engine” Competition among Local Governments to Promote Blockchain Industry

All local governments in South Korea are trying to foster blockchain industry. In particular, Busan plans to create a local blockchain ecosystem around four...

“Three Data Bills are Cornerstone, Now at the Beginning Stage”… Challenges to resolve

Regarding the ‘Three Data Bills (Personal Information Protection Act·Protection of Credit Information Act·Information and Communication Network Act)’ which passed the National Assembly’s plenary session...
Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance said “I am looking forward to clear-cut change that can transform the lives of every single citizen this year” on the Cabinet Member’s workshop was held at National Human Resources Development Institution (NHI) in Gwacheon city, Gyeonggi-do. Provided by Ministry of Economy and Finance

Deputy Prime Minister Hong Nam-Ki, “It Should Be Taxed on Bitcoin Profits of Koreans”

Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance said “It is desirable to impose taxes on Koreans if they are...

Controversy over Income Taxes on Cryptocurrency…“National Tax Service Notifies Bithumb Taxation of 80 Billion...

(SEOUL=Yonhap) Reporter Shin Ho-kyung, Ku Jung-mo = Bithumb, a cryptocurrency exchange, was notified of taxation of 80 billion won by National Tax Service. However, if...
In October, the General Assembly of Financial Action Task Force (FATF) was held in Paris, France. FATF has created international standards to prevent money laundering using cryptocurrencies such as Bitcoin, and accordingly South Korea, a member nation of FATF, is in the process of revising relevant laws. FATF twitter

Take the First Step toward Institutionalization of Cryptocurrency…What Will Be Different in 2020

Cryptocurrency regulations are being introduced and institutionalized in advanced countries such as the Group of 20 (G20). Since Bitcoin was launched in 2009, various...
“North Korea illegally claims 2.3 trillion KRW by cyber attacking cryptocurrency exchange platforms.”

“North Korea illegally claims 2.3 trillion KRW by cyber attacking cryptocurrency exchange platforms.”

There is a suspicion that North Korea is illegally dispossessing money and valuables by cyber attacking foreign financial organizations and cryptocurrency exchange platforms. The Asahi...
Korean Exchange Platforms Face Bigger Challenge

Korean Exchange Platforms Face Bigger Challenge

The major four cryptocurrency exchange markets in Korea are negotiating for their real-name account contract renewals with major banks. Though the contract was not...
Controversial Cryptocurrency Reward Event in PlayerUnknown’s Battleground

Controversial Cryptocurrency Reward Event in Player Unknown’s Battleground

The blockchain platform company Refereum was caught up in a controversy as it tried to implement a cryptocurrency based marketing campaign with the Player...
From the left, CEO Lee Jihoon of Mango Soft and CEO Kim Woosik of MyCreditChain

Indonesia falls in love with Korean Blockchain SNS App, and Korean enterprises Correspond.

The Korean social network service application developers are targeting the Indonesian market with services based on blockchain. It is because the SNS applications market...
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