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Huobi Joins Multinational Alliance Klaytn Governance Council

10.2.2020
Huobi latest addition to roster of multinational Klaytn Governance Council

South Korean Bankers, Crypto-advocates Hope to Drive Crypto Tax Law

4.2.2020
South Korea is inching closer to crypto tax legislation after a gathering of bankers, politicians and blockchain industry officials appeared to reach a consensus at a meeting held at the country’s parliament in Seoul. Per Jose Ilbo, the event was co-chaired by the Korea Blockchain Association,...

Politician to Form Blockchain-powered Party + More News

3.2.2020
National Assembly Building in Seoul. Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Former presidential candidate, tech entrepreneur and leading South Korean...

China Worries Driving South Korean Central Bank to CBDC Research

3.2.2020
The South Korean central bank is launching a second central bank digital currency (CBDC) team – a year after disbanding its first group of CBDC researchers. The central Bank of Korea (BOK) announced its intentions to launch the new unit, which it says will conduct CBDC-related research, in what...

Is the Future of Blockchain Tech Innovation in the East?

1.2.2020
China, South Korea or India: Who will replace the U.S. as the world’s tech leader?

Altcoin Delisting Claims Some Surprising Casualties in South Korea

28.1.2020
Some of South Korea’s leading crypto exchanges have apparently begun coin purges for low-volume tokens – but there could be a catch for the exchanges and the South Korean cryptocurrency industry as a whole, as a number of delisted tokens are Kakao Klaytn partners. Per a report from South Korean...

New Law May Kill Smaller South Korean Crypto Exchanges + More News

28.1.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Smaller South Korean exchanges could be forced to close if the government pushes ahead with plans to impose tighter...

South Korean Army to Use Blockchain-powered ID Solution + More News

22.1.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Cryptocurrency news A South Korean blockchain authentication solution developed by a private company will be adopted by...

South Korean Bankers 'Fear' Starbucks Crypto Threat

21.1.2020
A report from South Korea claims that bankers in the country are concerned about the rise of an unexpected crypto threat – American coffee shop chain Starbucks. Per the Korea Times, banking professionals have theories about the company’s digitization plans, and worry that they will fall behind when...

South Korea Considers 20% Crypto Tax

20.1.2020
Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal

South Korea Mulls 20% Crypto Tax Plan, Russia Also Wants to Tax Tokens

20.1.2020
The South Korean government is reviewing a proposal that could see it introduce a tax on cryptocurrencies. Meanwhile, new Russian Prime Minister Mikhail Mishustin appears keen to see the government adopt a crypto tax law by spring 2020. Per news agency Yonhap, the Korean finance ministry...

South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

20.1.2020
South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions

Bitcoin.com Partners With Mecon Cash, Enabling BCH to Korean Won Withdrawal at Over 13,000 ATMs Across South Korea

20.1.2020
Bitcoin Cash has been added to Mecon Cash’s M.Pay platform which is integrated with over 13,000 ATMs in South Korea. By making bitcoin cash usable for withdrawing won across the country, Mecon Cash is ensuring that BCH users in Korea can always make urgent and small transactions in any place...

Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

19.1.2020
Indian judges presiding over the RBI v. Crypto case have repeatedly showcased their willingness to learn about digital currencies and blockchain-based tech

Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax

17.1.2020
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply...

Bithumb Exchange Fighting Back Against ‘Groundless’ $69M Tax Bill

16.1.2020
The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions

South Korean Firms Use Blockchain Technology To Safeguard Online Gaming

16.1.2020
Leading tech startup Bloom Technology and game studio Bluside have announced the news about their collaboration focused on employing the expertise of blockchain technology to the new Kingdom Under Fire game. The two reputed South Korea-based firms have teamed up to infuse blockchain technology into...