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Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS

Virtual Asset Service Providers Tasked With Evaluating Crypto Gifts South Korea’s National Tax Service (NTS) recently announced that starting in 2022, digital assets that are...

Korean lawmaker to accept cryptocurrency donations

Rep. Lee Kwang-jae of the ruling Democratic Party of Korea said Thursday that he would start accepting cryptocurrency donations sometime in mid-January, for the...

Metaverse Riches Lure One of South Korea’s Oldest Conglomerates

One of South Korea’s biggest conglomerates with roots firmly in traditional industries is taking a leap into the unknown with its next target for...

South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022

The South Korean government is prohibiting withdrawals from local cryptocurrency exchanges to non-KYC wallets such as MetaMask, starting next year, as per the local...

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

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...
Bithumb, a virtual asset exchange, provides a virtual asset deposit service. Users who are not familiar with virtual asset trading can stably make profits with this service.

Bithumb set to break Upbit’s monopoly

The financial authorities have taken measures for Bithumb to prevent Upbit from solidifying its monopolistic status on the local market, by allowing the nation's...

Absence of Korea crypto funds puts investors in danger

An absence of funds in South Korea that consist of cryptocurrencies has put individual investors in danger, blockchain industry-focused investment firm Hashed founder and...

Ruling party set to delay cryptocurrency tax

The ruling Democratic Party of Korea (DPK) has confirmed its plan to delay the start of taxing cryptocurrency trading for one year, from early...

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...

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ICOs Could Be Returning to South Korea

Presidential candidates from South Korea’s two leading political parties have come out in support of an unban on initial coin offerings. ICO Unban Receives Support Initial...