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Nalezeno "korean": 1715

Local Stabelcoin in Sleepy South Korean County Is a Runaway Success

27.7.2020
Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. A quiet South Korean county with a high proportion of elderly residents said its blockchain-powered local stablecoin is booming, with USD 48.5 million worth of tokens used since the coin was issued last year. Buyeo...

Angry South Korean Crypto Traders Threaten to Quit over New 20% Tax

25.7.2020
Active crypto traders in South Korea said they are prepared to walk away from the scene forever – slamming “unfair” 20% crypto trading tax law proposals unveiled by the government earlier this week. It is a sign, perhaps, of what traders in other nations will have to deal with in the near future...

South Korean Crypto Tax Plans to Be Unveiled this Wednesday

21.7.2020
The South Korean government is reportedly set to unveil further details about its plans to introduce tax for cryptoasset holders. Per an unsourced report by SBS CNBC, Seoul will unveil a document outlining its proposals in a Tax Law Amendment bill – to be unveiled on July 22. The bill will seek...

South Korean Local Stablecoin Operator Posts Record Profits

15.7.2020
Business appears to be booming for a company operating an increasingly large number of South Korean local stablecoins. Per Fn News, the Korea Minting and Security Printing Corporation (KOMSCO) – the company that has printed banknotes and minted coins for the nation’s treasury for the past 70 or...

South Korean Central Bank Launches CBDC Legal Advisory Unit

14.7.2020
The Bank of Korea in Seoul. South Korea is once again intensifying the pace of its central bank digital currency (CBDC) progress – with a central bank-run team now investigating legal obstacles that might stand in the way of digital won issuance. Bitter political and financial rival Japan last week...

South Korean MP Makes Bid to Impose Capital Gains Tax on Crypto

10.7.2020
Yang Kyung-sook. Source: Twitter, @yangkyungsook An influential South Korean MP has put forward a private members’ bill that would see crypto taxed under the nation’s capital gains tax laws. Per Jose Ilbo, Yang Kyung-sook, an MP for the ruling Democratic Party and a member of the National...

South Korean Blockchain Patents Applications ‘Surging’

8.7.2020
Blockchain technology-related patent applications surged in South Korea last year, and appear to be rising further this year in wake of the coronavirus pandemic. Per the Korean Intellectual Property Office (KIPO), a total of 1,301 blockchain patents were registered in the country last year, a rise...

S Korean Province Mulls Local Stablecoin-powered Universal Basic Income

7.7.2020
Typical Korean street food. The Governor of Gyeonggi Province, South Korea’s most populous province, has suggested launching a universal basic income – funded by local stablecoins. Per OhMyNews, the proposal, spearheaded by Lee Jae-myung, who was elected Governor of Gyeonggi Province in 2018,...

More South Korean Banks May Look to Start Crypto Operations

4.7.2020
More South Korean conventional finance firms are set to follow Nonghyup (NH Bank) into the cryptoasset industry, say experts, academics, and industry insiders – who think regulators may offer banks safe passage into the crypto sector. As reported earlier this week, NH has announced it will begin...

South Korean Giant to Begin Crypto Custody for Institutional Investors

2.7.2020
One of South Korea’s biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors. Per ET News, the bank said that it wants to launch crypto “ecosystem” operations, and also spoke of its long-term plans which include...

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