Tag: Blockchain
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 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...
BTS label vows legal action against cryptocurrency named after fandom
HYBE, the management company for K-pop sensation BTS, said it would take legal action against a cryptocurrency named after ARMY, the BTS fandom.
The Seoul-based...
BASIC Blazing Path to Africa
BASIC which has registered as a virtual asset service provider (VASP) in Korea, announced on Oct. 22 that it will invest in a cryptocurrency...
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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...
