Korean conglomerates delve into digital asset market
On Friday, Ryu Young-sang, chief executive of SK Telecom, said in a shareholders meeting that the company plans to “adopt an economic system” to...
South Korea to put crypto taxation move on hold
Cryptocurrency tax break extension being considered by South Korea
South Korean news outlet, Hankook Ilbo, reported that the Presidential Transition Committee of Seok-Yoel is pushing...
Travel Rule Response Status by Korean Crypto Exchanges
In Korea, travel rules will be enforced from March 25th. Each domestic exchange plans to expand the exchanges that allow withdrawals in accordance with...
President-elect Yoon Pledges to Raise Crypto Tax Threshold to 50M Won
The South Korean election is over, and early signs point to a crypto-friendly approach by President-elect Yoon Seok-yeol. Yoon has on various occasions promoted...
Reactions against Russia continue: largest South Korean exchanges block Russian IP’s
Russia invaded Ukraine just seven days ago, and the world continues to react. As Russia relied on cryptocurrencies to combat economic isolation and its...
[MARCH] Turning Economic Screws in a Time of War
In the hierarchy of news, at the top are stories of violence. At the very top of those stories are stories about war. Nothing...
Upbit To Enforce The Travel Rule And Prohibit Overseas Deposits & Withdrawals
Korean virtual asset exchange Upbit will change its terms for overseas deposits and withdrawals of virtual assets from the 25th of next month. The specific...
YG announces strategic partnership with Binance to launch NFTs business
YG Entertainment, a leading K-pop management agency, said Tuesday it will jump into the burgeoning non-fungible tokens (NFTs) market in partnership with global blockchain...
[FEB] Traditional Finance is Dead. Long Live Traditional Finance?
Cryptocurrency has come a long way, and we don’t mean just price. In the beginning was bitcoin, an idea of a fungible asset, immune...
Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021
South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their...
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Interest Rate Hike on Deposits at Korean Virtual Asset Exchanges Spurs...
Recently, the number of users depositing Korean won (KRW) on virtual asset exchanges in South Korea to earn interest has been steadily rising. As...
