Tag: FinTech
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...
South Korea Crypto: The Largest Mutual Aid Association Refutes Bitcoin ETF investment rumours
The Korea Teacher’s Credit Union, which is the largest mutual aid association in South Korea, responsible for approximately 40 trillion won ($34.3 billion) of...
Wemade CEO joins Bithumb Korea’s board of directors
Wemade CEO Chang Hyun-guk became a member of Bithumb Korea's board of directors earlier this month, hinting at the game company's future business focus...
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...
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