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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
Trading Volumes Collapse at Most S Korean Crypto Exchanges, New Restrictions Confirmed
28.9.2021
trading in the past few days – in order to comply with regulators’ new operating permits system.The firms that chose to stay open without fiat KRW markets appear to have paid a huge price. The Chosun Ilbo
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
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
24.9.2021
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for...
Last-gasp Negotiations Fail as All But 4 S Korean Crypto Exchanges Frozen out of Fiat Markets
24.9.2021
offering crypto-to-crypto-only services.This means that only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – who have already
Crypto Carnage Awaits 2.2M S Korean Account Holders On Friday
23.9.2021
rel="noopener noreferrer" href="https://www.donga.com/news/article/all/20210922/109352590/1">Per Donga and Maeil Kyungjae, the Financial Services Commission (FSC) and the Financial Supe
60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week
21.9.2021
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce...
Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines
21.9.2021
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four...
Hope For Four More S Korean Crypto Exchanges as Others Give up the Ghost
20.9.2021
for permits set to double.In order to apply for operating permits, exchanges must secure real name-authenticated banking services with a domestic bank and information security management system (ISMS) certification. Some 30 platforms have secured the latter, but the former is proving a
Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations
18.9.2021
The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges...
South Korean Ruling Party Squabbles over Crypto Tax
17.9.2021
tax code, which will see a flat rate of 20% tax levied on crypto tax profits of over USD 2,100 a year. If unamended, this change will come into force on January 1, 2022.But the ruling Democratic Party is wary of a backlash from angry voters aged 20-39 – the backbone of the party’s support –
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
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 Korean lawmaker: Delaying tax laws on crypto is 'inevitable'
16.9.2021
“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae
Larger S Korean Crypto Exchanges Announce ‘Temporary’ End of Fiat Trading
15.9.2021
agement system (ISMS) certification if they are to continue offering crypto-to-crypto trading. But if they want to offer fiat KRW pairings,
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
Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
10.9.2021
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept....
South Korean Police Forces to Form Dedicated Crypto Teams
9.9.2021
://www.edaily.co.kr/news/newspath.asp?newsid=03857286629178152">Per EDaily and Money Today, the National Police Agency confirmed that it had sent letters to 18 larger local forces, tel