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Men Who Spiked a Crypto YouTuber’s Coffee to Steal Coins Sent to Jail for 3 Years
1.2.2022
Two South Korean YouTubers who robbed a fellow crypto broadcaster by spiking them with sleeping pills and stealing USD 660,000 worth of tokens, have been sentenced to three years behind bars – after a disagreement about sharing the profits of their social media behavior got out of hand....
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South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
19.1.2022
The new year is off to a flying start for South Korea’s crypto community – who will likely have plenty to celebrate after March’s presidential elections....
Read More: South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
Both Main South Korean Presidential Candidates Now Set to Unveil Pro-Crypto Manifestos
19.1.2022
Crypto is set to become a key political battleground in South Korea, where both of the leading candidates in March’s presidential elections are set to showcase a number of crypto-related policies. And although politicians’ manifestos promises are not always adhered to the letter in any part...
These School Children to Take Crypto-related Lessons
7.1.2022
South Korean children in one of the nation’s biggest provinces will learn about crypto from this spring after the local education authority announced a willingness to incorporate more “real-world” financial education in its curriculum....
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Upbit Crypto Exchange Traders to Face Fiat Services Disruptions over Lunar New Year Period
6.1.2022
Customers of South Korea’s market-leading crypto exchange Upbit will be affected by a possible three-day outage over the Lunar New Year period as its banking partner K-Bank relocates its operations to a new headquarters....
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South Korea’s Potential Next President Calls Crypto ‘A Means of Trading & Investment’
7.12.2021
South Korea’s newly crypto-keen presidential candidate Lee Jae-myung has doubled down on his admiration for crypto: Fresh from telling the public that he was thinking of creating and issuing a national cryptoasset, the ruling Democratic Party presidential nominee has heaped more praise on crypto...
Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax
3.12.2021
South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in....
Read More: Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax
South Korea’s Prospective New President Mulls ‘Giving a Crypto to all Citizens’
13.11.2021
Crypto has become a key issue in the run-up to the South Korean presidential election – with shots firing in all directions as politicians hunt for votes.
As previously reported, the ruling Democratic Party nominee Lee Jae-myung has already pledged to unpick crypto tax law to delay the imposition...
Business Giant Hankook Readies Crypto, NFT Move
12.11.2021
Hankook Technology, a South Korean conglomerate and part of the business group that comprises one of the world’s largest tiremakers (Hankook Tire & Technology), has announced that it is branching out into crypto and non-fungible tokens (NFTs)....
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South Korean crypto tax delay thwarted
1.10.2021
The crypto tax will begin for South Koreans in 2022 but some industry observers say there is no cause for concern
DCG-backed Korean exchange faces closure if it can’t find banking partner
17.9.2021
South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down
Majority of Korean crypto exchanges to shut down this month, insiders say
13.9.2021
Failure to meet South Korean regulators' new requirements is expected to wipe out tens of crypto exchange operators
Regulations drive Korean exchanges to delist, warn against high risk coins
16.6.2021
Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list
Korea’s crypto market is among the strongest — and the strangest — in the world
25.5.2021
Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy
South Korean Governor Becomes the First Politician to Disclose Publicly His Cryptocurrency Holdings in the Country
22.5.2021
Regardless of the political turmoil that arose in South Korea due to the crypto-related regulations, a leading politician had come forward to reveal that he had made investments in virtual currencies publicly. Won Hee-ryong, the Governor of Jeju Island, unveiled that he invested in four different...
South Korean Deputy Prime Minister Eases Anti-Crypto Rhetoric, Aims to Create More Domestic Market Opportunities
21.5.2021
The South Korean government seems to be easing its anti-crypto tone, as the Deputy Prime Minister came forward with a statement that opened the doors for future open dialogue on virtual currency topics. Hong Nam-ki unveiled that officials are assessing ways to get young people into “domestic...
South Korean Ministries ‘Do Not Want’ to Take Charge of Crypto-Related Regulation, Claims Official
18.5.2021
The crypto regulation crisis is on fire in South Korea, as politicians have struggled to reach agreements with top government officials to ease rulings. A local media outlet reveals that South Korean ministries “do not want” to take charge of the country’s digital assets’...
South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy
12.5.2021
A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’...
South Korea to Impose a 20% Tax on Crypto Mining Activities
8.5.2021
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published...
South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud
6.5.2021
Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors....