Government reconsiders crypto income taxation following abolition of gold investment tax
The Korean government's declaration to abolish the financial investment income tax (FIIT) has brought the topic of cryptocurrency income taxation to the forefront of...
Financial Supervisory Service Urges Industry Self-Regulation Ahead of Cryptocurrency User Protection Law Enforcement
Lee Bokhyun, the head of the Financial Supervisory Service (FSS), has called on the chief executive officers (CEOs) of the cryptocurrency industry to make...
Nexon’s Holding Company NXC to Divest Entire Stake in Cryptocurrency Exchange Korbit
Nexon's holding company, NXC, is set to step down as the largest shareholder of Korbit, South Korea's first Bitcoin exchange, by selling its entire...
Binance Considers Selling GoPax Shares as a Solution to VASP Approval Hurdles; Industry Skeptical
The global cryptocurrency trading platform Binance, the major shareholder of the South Korean cryptocurrency exchange GoPax, is examining the option of selling its GoPax...
Sam Altman’s Worldcoin Launches its First Pop-up Store in Seoul’s Yeouido
The blockchain and artificial intelligence (AI) startup ChainPartners is hosting the first domestic pop-up store for Worldcoin, created by Sam Altman, the founder of...
SOMESING (SSX) Coin Hacking Incident, Investors Cautioned
Recently, the SOMESING (SOMESING) platform, based on blockchain technology, experienced a significant hacking incident involving its SOMESING Token (SSX). This event led to the...
Financial Supervisory Service Revamps Reporting Center to Strengthen Response to Virtual Asset-Linked Fraud and...
The Financial Supervisory Service (FSS) has announced the restructuring of its existing investment fraud reporting center into the 'Virtual Asset Unfair Trade and Investment...
“Kakao and Naver’s ‘Blockchain Integration Project Dragon’ Progressing Rapidly”
Kakao’s blockchain platform Klaytn and Naver’s Finschia have announced their integration, stirring a new wave in the blockchain industry. This integration project has been...
“The Financial Supervisory Service officially launches virtual asset supervision operations for the protection of...
The Financial Supervisory Service (FSS) of South Korea has introduced comprehensive guidelines to regulate the virtual asset market. These guidelines include setting standards for...
FSC Firm on Bitcoin Spot ETF Trading Ban and Restrictions on Financial Companies Holding...
In a recent briefing, Kim Joo-hyun, the Chairman of the Financial Services Commission (FSC), firmly stated that trading Bitcoin spot Exchange-Traded Funds (ETFs) is...
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