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Nalezeno "korean": 1388

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 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

S Korean Gov’t Might ‘Eventually Raise the White Flag’ on Crypto Tax

5.11.2021
Pressure is growing on the South Korean government to back down over a controversial crypto tax law that will see trading profits over an annual total of USD 2,100 taxed at 20%. Per the Segye Ilbo, the “dominant feeling” among analysts is that the ruling Democratic Party will try to force through...

‘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...

S Korean Crypto Trading Has Eclipsed Stock Market Activity by USD 389 Billion

15.10.2021
South Korea’s crypto sector may have taken a battering at the hands of regulators of late, but the number of crypto investors in the nation has grown exponentially – to the point where the cumulative worth of transactions on the nation’s four biggest crypto exchanges has outstripped domestic stock...

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...

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

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

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