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Nalezeno "South": 3321

South Korean MP Calls Tax Authority's Bithumb USD 67m Bill ‘Baseless’

9.10.2020
South Korean trading platform Bithumb has won a powerful supporter in its quest to fight an unprecedented multi-million tax bill after an MP and parliamentary finance committee member claimed the nation’s tax authority’s USD 67m tax bill – served to the crypto exchange late last year – has no legal...

South Korea May Review Crypto Tax Law ahead of 2021 Regulations

8.10.2020
The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law. Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister...

BMW Rolls Out Blockchain-powered Token Rewards Platform in South Korea

8.10.2020
Source: Adobe/bizoo_n BMW Korea has launched a blockchain-powered “lifestyle” platform that rewards South Korean car owners with tokens they can redeem against flight tickets and maintenance payments. Per Aju Kyungjae, BMW Korea stated that the platform, named BMW Vantage, would be "launched...

South Korean Central Bank to Launch CBDC Pilot in 2021

7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks. Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...

South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation

7.10.2020
Korean lion dog statue and the National Assembly building, Seoul. A politician has called on South Korea to “urgently” prioritize the development of crypto security technology – stating that blockchain-powered finance is now an inevitable reality for the country, and the rest of the world. Lee...

South Korean Bank NH Launches Blockchain-powered Document Wallet

29.9.2020
South Korean financial services provider Nonghyup (NH Bank) has begun issuing over a dozen forms of digital certificates using a blockchain-powered system and an e-wallet that will be able to hold hundreds of types of blockchain-verified forms of authentication. Per the Electronic Times, the bank’s...

NFT Issues Freeze South Korean Gaming Regulator into Inaction

25.9.2020
The debate about blockchain gaming, non-fungible tokens (NFTs) and regulation continues to rumble on in South Korea – with the nation’s gaming commission speaking out about its reasoning for long delays in issuing ratings to blockchain game developers. As previously reported, video game developer...

Blockchain Gaming Hits Another NFT-related Hitch in South Korea

22.9.2020
Source: Twitter/@SkypeopleMaster Blockchain, gaming and crypto advocates are bracing for the worst after the South Korean video game censor issued an ominous delay for ratings on another blockchain gaming title – over apparent non-fungible token (NFT)-related concerns. Per iNews24, the regulatory...

South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions

19.9.2020
With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML) policies, the race is now on to adopt solutions ahead of time – and avoid falling foul of the law. So which AML solutions are South Korean...

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