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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...
Cryptocurrency Exchange Platforms Extend Contracts with the Banks, following the FATF Recommendation.

Cryptocurrency Exchange Platforms Extend Contracts with the Banks, following the FATF Recommendation.

While AML regulations are heightened for the cryptocurrency exchange platforms around the world, Korean cryptocurrency exchange platforms are adapting to the change and concluding...
Dual Industrial is Withdrawing from Bithumb Acquisition Deal

Dual Industrial is Withdrawing from Bithumb Acquisition Deal

Dual Industrial has withdrawn from the cryptocurrency exchange platform Bithumb’s acquisition deal. Dual Industrial (1,710 KRW ▲250 +17.1%) has announced on July 29 that they...
Korean Blockchain Media Association will Organize a Hearing for Cryptocurrency Legislation on Aug 6

Korean Blockchain Media Association will Organize a Hearing for Cryptocurrency Legislation on Aug 6

Six Korean blockchain press companies have established an association for the development of blockchain technology and the ecosystem. Blockchain Media Association is planning to...
Demo session at a booth in the ‘National Assembly forum for user protection from gambling problems of games’ held in Seoul, Yeouido National Assembly Hall.

Korean Gaming Authorities will soon Decide on ‘Blockchain Games’

The Game Rating and Administration Committee (hereinafter, GRAC) under the Ministry of Culture, Sports, and Tourism, which is in charge of Korea’s game industry...
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