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Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar
7.1.2020
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with...
Major South Korean Crypto Exchange Bithumb Launches R&D Center
7.1.2020
Bithumb, a major South Korean crypto exchange, is launching its own R&D center for cryptocurrencies and blockchain technology
South Korean Presidential Commission Wants to Bring Crypto Into Mainstream Finance
6.1.2020
Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body
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 Korean Telecoms Giant SK to Unveil Ripple-based Charity Tool
3.1.2020
South Korean telecoms giant SK is set to debut a new blockchain-powered donations platform it has developed using Ripple technology. The company has been working on the platform since summer last year – and has now opened it for SK Group employees.
The platform is named ChainZ, and uses the Ripple...
South Korea Drafting Legislation To Tax Individual Crypto Profits
2.1.2020
South Korea is working on legislation to tax crypto profits
Is South Korea’s Central Bank Set to Make a Digital Fiat U-turn?
2.1.2020
South Korean media commentators are asking if the central Bank of Korea (BOK) has made a policy reverse on its stance towards central bank digital currency (CBDC) issuance.
Sisa Journal reports that the BOK appears to have changed its tune on CBDCs of late.
Last month, the BOK stated that it...
Government Confirms Crypto Profits Not Taxable in South Korea
2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...
South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...
Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb
30.12.2019
South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb
Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill
29.12.2019
South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it
Asia’s Love Affair With Blockchain Is Blossoming
28.12.2019
Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of...
South Korean Central Bank to Organize a CDBC Task Force
27.12.2019
South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology
South Korea Forms Task Force for Central Bank Digital Currency Research
27.12.2019
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020
Whenever Bitcoin Prices Go Up or Down, Google Searches Soar
26.12.2019
Statistical data suggests a clear link between Bitcoin’s price movements and consumer interest in the form of Google searches
2019 Google and Yahoo Searches for Bitcoin Decline Significantly
24.12.2019
2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning....
Entrepreneurs From China, Japan, and South Korea Call for Bringing Ease of Trade
24.12.2019
As China, Japan, and South Korea trilateral summit is opening avenues for solving three nations’ trade-related issues and increased co-operation, on its sidelines, the prominent business leaders from these countries have met. The meeting has happened in Chengdu, China and was organized by...
France approves its first ICO
23.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 20 December, 2019 “Knowledge is power.” - Francis Bacon In today's newsletter, we will be covering: Largest South Korean telecom company issuing a blockchain-based local currency in Busan France's financial regulator granting...
France approves its first ICO
20.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 20 December, 2019 “Knowledge is power.” - Francis Bacon In today's newsletter, we will be covering: Largest South Korean telecom company issuing a blockchain-based local currency in Busan France's financial regulator granting...
Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan
19.12.2019
Busan, South Korea’s second-largest city in cooperation with telecom giant KT plans to release a blockchain-based local currency by Dec. 30