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South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...
South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation
17.3.2021
South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. Evaders Hid a Total of $32.24 Million in Assets...
South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic
5.3.2021
As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country. Millennials...
Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading
12.12.2020
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked...
Bithumb found ‘partially liable’ for a 2017 hacking incident
3.9.2020
Bithumb legal issues do not stop in South Korea
South Korean Beachgoers Can Now Use Bitcoin to Pay for Services
9.8.2020
The Haeundae Beach System in Busan is part of a pilot project that aims to offer crypto payment solutions to beachgoers in the summertime
Blockchain Bites: JPMorgan on Bitcoin, South Korea on CBDCs and the Porn Industry on Crypto
15.6.2020
JPMorgan bond analysts think bitcoin has passed its first stress test while South Korea's central bank is continuing to research CBDCs
South Korean Experts Say Crypto is a Poor Safe-Haven Asset
12.6.2020
A leading South Korean professor from the Hongik University does not believe cryptocurrencies are safe from market recession
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
South Korean Presidential Committee Recommends Allowing Bitcoin Derivatives
6.1.2020
The South Korean Presidential Committee on the Fourth Industrial Revolution has reportedly recommended the government to allow the development of crypto derivatives
South Korea’s Crypto Youth | Cointelegraph Documentary
6.10.2019
Want to find out how blockchain business is evolving in the world’s third-largest crypto economy? Check out our latest documentary on crypto and South Korea
5 South Korean Crypto Exchanges Take On New Responsibility for User Losses
17.6.2019
Five cryptocurrency exchanges in South Korea, including Bithumb, have increased their liability to users in line with demands from regulators