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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
Korean Finance Minister vows to fight moves to delay the crypto tax code
17.9.2021
The ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister is not for turning
South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...
South Korean Regulator Analyzing 578 Cryptocurrencies
14.7.2021
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said....
South Korea moves to ban cross trading for crypto exchanges
7.6.2021
South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency
South Korean regulators parley with 20 crypto exchanges
4.6.2021
The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight
South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average
24.5.2021
As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board...
South Korean Bitcoin miners can deduct electricity costs from crypto tax filings
6.5.2021
Crypto miners will be able to deduct electricity costs as business expenses when filing cryptocurrency taxes starting in 2022
Survey shows South Koreans support crypto tax law
3.5.2021
More than half of the survey respondents favored the controversial crypto tax law in South Korea
South Korea reportedly set to approve cryptocurrency-focused fund
29.4.2021
Regulators in South Korea are reportedly set to give the green light for the country’s first crypto-related investment fund
Crypto Fraud Reports in South Korea Surged Over 41% in 2020, Says Financial Watchdog
21.4.2021
Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest figures by the domestic financial watchdog show that such incidents are still on the rise. Police to Dedicate a Special Unit to Investigate...
CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker
6.4.2021
“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said a CoinMarketCap spokesperson
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 Korea Crypto Scammers Targeting People in Their 50s & 60s
27.3.2021
Source: Adobe/jon_chica
“Crypto” fraudsters in South Korea are increasingly preying on citizens in their fifties and sixties, a new report has found, with crypto-flavored multi-level marketing (MLM) schemes now running wild.
Per EDaily, the regulatory Financial Supervisory Service (FSS) says there...
OKEx Korea crypto exchange to shut down as new reporting laws take effect
23.3.2021
OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday
Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading
12.12.2020
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked...
South Korean Exchange Coinbit Seized Over Allegations of Fraud
26.8.2020
South Korea's third largest crypto exchange, has reportedly been seized by police over allegations it faked transaction volumes
US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia
20.8.2020
North Korea allegedly has about 6,000 hackers, many of whom operate abroad, according to a recent report published by the U.S. Army. The infamous Lazarus Group, thought to be linked to a number of cryptocurrency exchange hacks, is among them. North Korea’s Bureau 121 The U.S. Army recently...
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
Sanctions Weren’t Discussed at North Korea Crypto Conference, Attendee Says
3.12.2019
The U.S. government's charges against Virgil Griffith are overblown, says one attendee of the North Korean conference that led to the ethereum developer's arrest