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South Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them

South Korea’s top financial regulator says that non-fungible tokens (NFTs) are not cryptoassets – and will likely exclude them from capital gains taxation. The status...

BTS agency agrees to establish NFT joint venture with domestic blockchain company

Hybe, the agency of K-pop wonder BTS, diversified its business portfolio into such as non-fungible tokens through a joint venture with Dunamu, a blockchain...

BTS label vows legal action against cryptocurrency named after fandom

HYBE, the management company for K-pop sensation BTS, said it would take legal action against a cryptocurrency named after ARMY, the BTS fandom. The Seoul-based...

South Korea Crypto: The Largest Mutual Aid Association Refutes Bitcoin ETF investment rumours

The Korea Teacher’s Credit Union, which is the largest mutual aid association in South Korea, responsible for approximately 40 trillion won ($34.3 billion) of...

Wemade CEO joins Bithumb Korea’s board of directors

Wemade CEO Chang Hyun-guk became a member of Bithumb Korea's board of directors earlier this month, hinting at the game company's future business focus...

S. Korea’s top financial regulator accused of giving special treatment to Upbit

With the South Korean government recently imposing strict new rules on the cryptocurrency industry that have driven dozens of digital asset platforms out of...

South Korean exchanges to seek revenue from new ventures

Following the September 24 deadline for South Korean crypto exchanges to comply with the new regulations, only four were granted full operation. Around 60 exchanges...

Samsung Next, others grow blockchain portfolio despite tightened South Korea regulations

In South Korea, an anonymous crypto investor once wrote to the finance minister that the country’s strict regulations on the virtual asset industry will...

Korea’s unregulated crypto-mediated FX transfers hit record-high

Korea registered over 812.2 billion won ($676.9 million) in questionable foreign currency transfers involving cryptocurrencies in the first eight months of the year, a...

Upbit’s growth background is ‘insolvent coin’… 300 billion in transaction fees

Min Byeong-deok, a member of the National Assembly's Political Affairs Committee, announced on the 5th that Upbit had earned 314.3 billion won in commission...

LATEST ARTICLES

IN SOUTH KOREA, MIXED MESSAGES ABOUT CRYPTOCURRENCY TAX POLICIES ARE CAUSING...

The government’s waffling on the crypto tax, which is due to take effect in 2022, has generated a tangle of contradictory stories that even...