Search
South Korean regulator proposes strict new rules for token issuers
26.11.2021
The FSC wishes to establish a system that would recover illegally gained funds, dole out criminal punishments, and protect investors from future malfeasance
South Korean Parliament Tries to Push Through Crypto Tax Delay, Gov’t Fights Back
26.11.2021
The South Korean government is on a collision course with lawmakers on both sides of the National Assembly on the issue of crypto tax.
The matter has become a political hot potato – or perhaps more accurately, a political hot mess – in recent months. ...
Read More: South Korean Parliament Tries...
South Korean Gaming Watchdog Won’t Budge on Tough Anti-NFT Stance
25.11.2021
South Korea’s gaming regulator has reiterated its stance that games that feature tradeable non-fungible tokens (NFTs) cannot be distributed in the nation.
As previously reported, in 2019, the Game Rating and Administration Committee (GRAC) refused to issue a rating to Infinity Star, a game...
South Korean Draft Law Calls for Life Sentences for Crypto Market Manipulators
24.11.2021
The South Korean government has unveiled a new draft crypto law that includes strict punishment for token market manipulation-related offenses – proposing massive fines and hefty jail sentences for offenders....
Read More: South Korean Draft Law Calls for Life Sentences for Crypto Market...
South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit
23.11.2021
The last of the South Korean “big four” crypto exchange platforms – Bithumb – has finally received an operating license from the nation’s financial regulator, the Financial Intelligence Unit (FIU).
Bithumb had submitted its application to the FIU ahead of the latter’s September 24 deadline....
Ruling South Korean Party Makes Pro-Crypto Policy U-Turn
20.11.2021
The head of the ruling Democratic Party in South Korea has promised to make a dramatic U-turn on crypto policy, claiming that “the time has come” for the government to stop regulating crypto and start “fostering” the industry....
Read More: Ruling South Korean Party Makes Pro-Crypto Policy U-Turn
South Korean lawmakers push back against controversial “know-the-sender” rule
16.11.2021
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry
South Korean pension fund to invest in Bitcoin ETF: Report
26.10.2021
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an exec reportedly said
‘Boom’ in Big South Korean Firms Investing in Crypto Startups
19.10.2021
Large South Korean companies are pouring money into crypto and blockchain startups, media outlets have noted – while the nation’s market-leading crypto exchange is set to make a sports investment of its own.
Per a report from Fn News, there has been a “boom” in crypto and decentralized finance...
Odds Grow That South Korean Crypto Tax Will Be Postponed
18.10.2021
Media outlets and lawmakers have been pouring scorn on the South Korean government’s much-maligned plans to introduce a tax on crypto trading from next year – with some suggesting that Seoul will have to back down from its plans.
As reported last week, the National Assembly will assess four...
South Korean Government Faces Raft of Crypto Tax Amendment Bills
13.10.2021
South Korean lawmakers are inundating parliament with crypto tax delay bills. The National Assembly’s financial committees are set to weigh up the values of four separate attempts to derail Seoul’s plans to levy 20% capital gains tax charges on all trading profits over an annual threshold of...
South Korean Regulator Says DeFi and NFT Regulations Are Coming
12.10.2021
get="_blank" rel="noopener noreferrer" href="https://cryptonews.com/tags/defi">DeFi) and non-fungible token (NFT) sectors were next in line.In
South Korean opposition set to tackle controversial crypto tax law
11.10.2021
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders
Deposits on ‘Big Four’ South Korean Exchanges up 1,368%
5.10.2021
"https://cryptonews.com/news/s-korean-mp-bids-to-prevent-crypto-crisis-while-kimchi-premi-11218.htm">kimchi premium traders making “illegal transactions.”Upbit, the market-leading exchange, and Korbit, the first trading platform in the nation appear to have received their permits within h
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
KYC Headaches on the Horizon for South Korean Exchanges
30.9.2021
noreferrer" href="https://www.chosun.com/economy/economy_general/2021/09/29/LKOMX43J75A5JJSIWZHIHUT4XU/">Per the Chosun Ilbo, a spate of new regulatory requirements that came into force last week is slowing down business at the nation’s biggest crypto exchange.Recently promulgated amendm
South Korean Regulators Deserting Jobs for Posts in Crypto, Fintech and Finance
30.9.2021
e workplaces of the gods” in South Korea. But in recent times, many have been turning their backs on such posts, and are heeding the calls of headhunter agencies who have gone in search of their expertise.The media outlet said that “this year alone,” at least 28 individuals have moved away fr
29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down
28.9.2021
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto...
South Korean Crypto Sector Still Reeling from Last Week’s Carnage
27.9.2021
er reports from the Segye Ilbo, as well as Chosun
South Korean Taxman to Be Granted Right to Search Crypto Tax Evaders’ Homes
25.9.2021
oins could be liquidated – and bailiffs could be sent to search their houses.Crypto is not yet taxable in South Korea, but as of January 1, 2022, all crypto profits above USD 2,100 will need to be declared, and traders will be