Tag: FinTech
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,...
Bithumb, Coinone, and Korbit also extend contracts with banks… Is it ‘Big 4 +...
NH Nonghyup Bank issued real-name account confirmations to cryptocurrency exchanges Bithumb and Coinone, and Shinhan Bank to Korbit. As a result, Upbit, Bithumb, Coinone,...
Crypto.com Hires Former Visa Executive Patrick Yoon to Head South Korea
Crypto.com, a major digital asset exchange with a global presence, announced on Tuesday the appointment of Patrick Yoon as the new General Manager for...
Blockchain not a concept anymore, but part of real life, developers say
Blockchain is not a technological concept anymore. It’s starting to apply to real life and becoming a mainstream, irreversible trend, Dunamu CEO Lee Sir-goo...
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...
