Financial Intelligence Unit Announces Results of the Second Half of 2023 Virtual Asset Market...
The Financial Intelligence Unit (FIU) conducted a survey on the state of the domestic virtual asset market targeting 29 registered businesses in the second...
Altcoin Interest Driving South Korean Crypto Craze
Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.
Per the South...
National Tax Service Proceeds with Income Taxation on Participants of Bithumb’s Cryptocurrency Events
The National Tax Service (NTS) is currently implementing income tax measures on participants of various events held by the cryptocurrency exchange Bithumb. According to...
Hanbitco Decides to Cease Operations Due to Regulatory Issues and Market Deterioration
Hanbitco, a cryptocurrency exchange in South Korea, has announced that it will cease operations on May 16th. The exchange notified the public of its...
Market cap of virtual assets in Korea jumps 53% in 2nd half of last...
The value of Korea's virtual asset market expanded over 50 percent from six months earlier in the second half of last year, on rising...
Financial Supervisory Service Releases Handbook on Cryptocurrency Investment Scams
The Financial Supervisory Service (FSS) has taken proactive measures to prevent cryptocurrency investment scams. According to a recent press release, the FSS has revamped...
Crypto Excluded from New South Korean Donations Law
Per Kyunghang Shinmun, the Ministry of the Interior and Safety said it wanted to “expand the scope” of donations – but has decided against...
Crypto.com Delays Korea Market Entry: Intensified Regulatory Scrutiny Over Anti-Money Laundering Measures Necessitates Strategic...
Crypto.com, a global cryptocurrency exchange ranked among the top ten, has indefinitely postponed its market entry into South Korea. This decision was prompted by...
Do Kwon’s Extradition Issue Likely Headed Towards U.S.: Mounting Legal Battles in Montenegro and...
The extradition issue of Do Kwon, the central figure in the Terra-Luna crash, is escalating into an international legal dispute with increasing likelihood of...
Line, Kakao eye Asia’s No. 1 blockchain network
Blockchain platform operators under Korean tech giants Line and Kakao are to complete integration under the new brand name "kaia" in June, the entities...
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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...
