Tag: Korean Government
South Korea’s cryptocurrency bill gets nod in first phase of review, may pass this...
The bill defines “virtual assets” as an “electronic representation of an economic value that can be traded or transferred electronically.” It excludes central...
Korea central bank takes charge of investigating crypto
In a significant development for the South Korean cryptocurrency market, the Bank of Korea (BOK) is set to take the lead in investigating virtual...
Exclusive cryptocurrency listings raise concerns after Gangnam murder case
The suspects in the case were allegedly abetted by a couple who lost money after investing in the cryptocurrency, whose price plummeted after being...
S. Korea Requests Extradition of Crypto Fugitive from Montenegro
Seoul's justice ministry has requested the extradition of Kwon Do-hyeong from Montenegro after the fugitive co-founder of blockchain firm Terraform Labs was arrested there...
Forthedog (FTD), an M2E Platform for Pet Owners, Will Soon Launch Its Beta Version
The pet-based blockchain Move to Earn (hereinafter M2E) platform FORTHEDOG (hereinafter FTD) project (CEO: Joon-bok Lee) will deploy a closed beta version of the...
Dubai free trade zone seeks to attract S. Korea’s promising tech, health, cultural companies
Dubai Multi Commodities Centre (DMCC), the largest free trade zone of the United Arab Emirates, is seeking a greater presence of South Korea companies...
Binance accused of intellectual theft by a South Korean firm, what to expect from...
South Korean blockchain-based community platform Steemhunt has accused Binance of stealing its Artificial Intelligence-based NFT product Chatcasso. Binance’s NFT product’s name is Bicasso and...
South Korea’s Kimchi premium turns to discount
South Korea’s “Kimchi premium" has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges.
The...
South Korea goes after digital currency staking services following Kraken’s debacle
The Financial Service Commission will begin a full-scale review of staking among exchanges operating in the country, news outlet News1 reported. At the moment,...
Binance Completes Purchase of Stake In South Korea’s GOPAX
Binance Buys Part of GOPAX
Binance has completed a minority purchase of GOPAX, a South Korean digital asset exchange. The move allows Binance to re-enter...
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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...
