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...
South Korea Plans 20% Crypto-Tax From 2022, Will Exclude NFTs as Taxable
The country’s crypto tax rules that had been previously proposed have been accepted and will go into effect in 2022. As of now, non-fungible...
Check These Four Korea Banks and Their Moves Into Bitcoin & Crypto Custody
South Korean banks are looking to expand their crypto custody offerings – as competition in the sector begins to intensify.
Only a small handful of...
Only 1 crypto exchange approved 1 day ahead of big deadline
Doomsday is here for cryptocurrency exchanges, and so far only one of 60 has received the greenlight from authorities to continue operating.
As...
Many of South Korea’s small crypto exchanges set to disappear
South Korean regulators are set to shut down dozens of cryptocurrency exchanges in coming days, though the impact is likely to be felt only...
S. Korean Crypto Traders Expect New Market Rules to Cause $2.6B in Losses
The regulatory body issued a press release Sept. 6 stating that staffers had held an online meeting with “virtual asset service providers,” or VASPs,...
LATEST ARTICLES
Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
