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South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto Comments
28.4.2021
As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of...
Study Finds South Koreans Aged 20-39 Mainly Invest up to $100 in Cryptocurrencies
31.3.2021
South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. New Crypto Investors Seem...
South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...
South Koreans Warned to Pay Tax on Crypto Held on Foreign Exchanges
18.3.2021
South Korea’s National Tax Service (NTS) is on the warpath – and has crypto firmly in its sights.
Fresh from swooping on over 2,400 individuals it said have sought to conceal their earnings by buying cryptoassets like bitcoin (BTC) and ethereum (ETH) – in some cases seizing crypto and freezing...
South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
9.3.2021
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018...
Crypto meetups are dangerous to health and wealth, South Koreans warned
9.9.2020
The warning is not just because of the coronavirus pandemic
One Million South Koreans Now Have Blockchain Drivers Licenses
13.8.2020
The program was only launched in May but already one million South Koreans have opted for a blockchain based license
A Million South Koreans Now Using Blockchain-powered Driver’s Licenses
13.8.2020
Over 1 million South Koreans have traded in their plastic driver’s licenses in favor of a blockchain-powered, police-issued smartphone-based digital alternative.
Per Daily Kyungjae, the initiative allows drivers to identify themselves to police using barcodes or QR codes, as well as...
South Koreans Welcome New Crypto Laws – But There’s a Word of Warning
6.3.2020
South Korean cryptocurrency industry chiefs, legal experts, politicians and more have been having their say on yesterday’s landmark vote in the National Assembly to introduce the nation’s first-ever package of crypto-specific legislation.
As previously reported, the National Assembly green-lighted...
US Arrests Ethereum Developer for Training North Koreans to Evade Sanctions
29.11.2019
After attending a blockchain conference in North Korea in April, a developer at the Ethereum Foundation has been arrested in Los Angeles on Thanksgiving Day
South Koreans Bristle at ‘Nonsensical’ Reports of North’s Crypto Plans
19.9.2019
The Grand Monument in Pyongyang. North Korea observers in South Korea have been left bemused by reports claiming that their northern neighbors are working on a “Bitcoin-like” cryptocurrency.
In an interview with Vice, Alejandro Cao de Benos, the head of the Korean Friendship Association (KFA),...
North Koreans ‘Can Own Crypto,’ Pyongyang to Host Crypto Conference
11.9.2019
Source: iStock/Goddard_Photography
North Korea will host a second “international blockchain and cryptocurrency conference” in February 2020. And a source with close links to Pyongyang says that North Koreans can own cryptocurrency and has developers “working on crypto wallets.”
The 2020 event...