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Africa’s solarized digitalization agenda in the time of coronavirus
20.3.2021
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies
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 African Exchange Ice3x Suspends Trading After Noting Discrepancies in Balances of BTC and LTC
18.3.2021
A South African crypto exchange, Ice3x, suspended trading on its platform on March 16 after noting discrepancies in balances of bitcoin and litecoin held on the platform. At the time of writing, the exchange had not revealed the cause of the mismatches in balances or when it expects trading...
South Koreans Warned to Pay Tax on Crypto Held on Foreign Exchanges
18.3.2021
South Korea’s National Tax Service (NTS) is on the warpath – and has crypto firmly in its sights.
Fresh from swooping on over 2,400 individuals it said have sought to conceal their earnings by buying cryptoassets like bitcoin (BTC) and ethereum (ETH) – in some cases seizing crypto and freezing...
Bullish Bitcoin trading in Korea provides tailwinds for Kakao share price
17.3.2021
Analysts in South Korea are predicting a significant share price increase for Kakao amid the current Bitcoin bull market
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 Authorities Liquidate Tax Dodgers’ Crypto Holdings
17.3.2021
South Korea’s tax authorities said they have evidence that 2,416 South Korean people have hidden their income by buying cryptoassets including bitcoin (BTC), ethereum (ETH) and more in efforts to avoid having to pay tax on their earnings – and have moved to seize and liquidate their crypto.
Per...
Report all crypto transactions or face 5-year jail term in South Korea
16.3.2021
Strict reporting rules for crypto businesses in South Korea are set to come into effect with existing firms given six months to comply or face stiff penalties
South Korea deepens probe on tax evasion via cryptocurrencies
15.3.2021
South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments
Reported volume of top South Korean crypto exchanges surpasses that of the country's stock market
14.3.2021
The increase in volume came as the price of Bitcoin rose to a new all-time high of more than $61,000 Saturday
Bitcoin flippens South Korean won, closes in on Google
11.3.2021
The crypto asset just won over the won
South Korean Officials Notice a Sudden Rise in Crypto Mining Rigs Imports- Over 41 Shipments Intercepted in 3 Months
11.3.2021
Crypto adoption is a hot topic in South Korea, and recent figures have been proving it. However, crypto mining activity is also starting to gather interest across the country, per the latest reports from local media outlets. A Single Rig Should Worth $150 ‘or Less’ to Be Considered...
South Korean Shinhan Bank pilots digital currency platform with LG CNS
10.3.2021
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS
Korean crypto exchanges could soon face fines for gaps in due diligence measures
10.3.2021
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges
South Korea’s Shinhan, LG CNS Unveil CBDC Platform
10.3.2021
The South Korean commercial banking giant Shinhan and LG CNS, the IT services arm of the electronics conglomerate LG, have unveiled their joint pilot platform for central bank digital currencies (CBDC).
The two firms announced they would be partnering on the platform late last year, and...
Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures
9.3.2021
The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering
South African crypto firms warn opaque regulations are harming the industry
9.3.2021
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines
South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
9.3.2021
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018...
ICON (ICX) unaffected by South Korean tax investigation into ICONLOOP, says chairman
8.3.2021
The South Korean tax authority is trying to track the movement of ICO funds raised in foreign countries into its domestic markets
Crypto Fever Back in South Korea, Average USD 7B Per Day Transacted
6.3.2021
A new report from South Korea appears to show that the latest rush in bitcoin (BTC) and altcoin investment in the country is “now higher than three years ago,” and that it’s not all about the new wave of Korean “crypto moms” – younger folk are also laying down some serious capital in their...