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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...
Crypto Exchange Upbit Finishes Security Update in Response to 2019 Hack
15.1.2020
Upbit has completed a security overhaul in response to a hack the platform suffered in late 2019
Prepare for Liftoff — South Korea’s Crypto Regulation Ignites in 2019
15.1.2020
Complete timeline of South Korea’s crypto regulation and controversy
Unpacking the Potential of Blockchain and Infrastructure in Africa
15.1.2020
Africa’s growing population, it’s economic potential, the significant shifts in the continent’s energy production: How soon Africa will become the world’s new blockchain hub?
Binance to Launch Korean Support Center Following Investment in Local Startup
14.1.2020
Binance has made its first direct investment in a South Korean startup as part of a deal to launch a support center in the country
Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia
14.1.2020
In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions...
Constitutional Court to Rule on Legality of South Korean Crypto Ban
14.1.2020
South Korea’s Constitutional Court is set to pass judgment on the legality of measures taken by the country’s government during its partial crypto crackdown of late 2017 to 2018.
Seoul intervened with a series of emergency measures during the late 2017 bull run, which saw a massive spate of South...
South Korean Crypto YouTuber’s Attacker Flees to Australia + More News
13.1.2020
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.
Crime news
There have been further developments in the case of a South Korean cryptocurrency YouTuber who was left badly injured...
Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone
10.1.2020
South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...
Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors
10.1.2020
A South Korean crypto YouTuber has been assaulted at his home, with some suggesting the attackers may have been upset investors
Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone
9.1.2020
Bithumb could invest over $8 million into South Korea’s regulatory free zone in Busan