South Korean authorities to collect delinquent taxes from crypto cold wallets
South Korea’s newly amended tax law will allow authorities to collect delinquent taxes hidden in cryptocurrency cold wallets.
The Ministry of Economy and Finance yesterday...
South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
Korean Financial Intelligence Unit Notifies Foreign Crypto Exchanges of Registration Obligations
Access to foreign-based cryptocurrency exchanges can be denied and the platforms may face criminal...
Strong pressure on foreign VASPs is making the domestic cryptocurrency market more chaotic
Financial Services Commission (FSC) "We will actively respond to illegal, unreported operations of foreign VASPs."
Since there is a possibility that foreign Virtual Asset Service...
Major Korean bank to launch crypto custody services
One of the largest financial institutions in South Korea, Woori Financial Group, will soon start offering its customers cryptocurrency custody service through a project...
Bank of Korea Chooses Ground X as Supplier for CBDC Pilot
The Bank of Korea (BOK) has chosen its preferred supplier to build a pilot platform for its central bank digital currency (CBDC) pilot.
South...
Classified into 3 types of 500 coins.. Managed by the Financial Services Commission by...
The Financial Services Commission has started to categorize domestically traded virtual currencies according to their functions. It is largely divided into payment and settlement...
Dunamu and FnGuide announce top 5 digital assets
Dunamu, operator of the country’s largest cryptocurrency exchange, announced on Sunday its top five digital asset index with financial market tracker FnGuide, amid a...
South Korean Regulator Analyzing 578 Cryptocurrencies
South Korea Prepares to Regulate Crypto Industry
The South Korean National Assembly’s National Policy Committee is currently deliberating on four cryptocurrency-related bills for the regulation...
3 Firms Vie to Develop South Korea’s CBDC Pilot
Three South Korean firms will compete for the chance to develop the central bank’s digital currency (CBDC) pilot.
The Bank of Korea (BOK) confirmed on...
Korea Federation of Banks Releases Cryptocurrency Exchange Guidelines
The Federation of Banks has released guidelines for risk assessment of cryptocurrency exchanges. Earlier, in April, the Federation of Banks distributed to commercial banks...
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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...
