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South Korean Crypto Tax Reports, Canada's CBDC + More News

17.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news South Korea’s deputy prime minister and finance ministry chief Hong Nam-ki has confirmed the reports about...

South Korean Bitcoin Tax Amendments to Be Unveiled in July

15.6.2020
South Korean crypto tax legislation is set for a July rollout. The government appears to have settled on a means of ensuring citizens pay tax on their cryptoasset earnings – and will attempt to tax crypto “like real estate.” Although it has yet to make a formal announcement on the matter, a number...

South Korean Experts Say Crypto is a Poor Safe-Haven Asset

12.6.2020
A leading South Korean professor from the Hongik University does not believe cryptocurrencies are safe from market recession

South Korean Police on the Hunt for Ethereum Crime Ring Masterminds

12.6.2020
The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring

South Korean Police Bust Suspected USD 41.5M Ethereum Crime Ring

12.6.2020
Police in Seoul, South Korea, have searched and seized data from at least two unnamed crypto exchanges in the hunt for the masterminds of a suspected ethereum (ETH) fraud ring believed to be worth at least USD 41.5 million. Per reports from KBS and Joongang Ilbo, the ring made use of multi-level...

South Korean Insurance Giant to Use Blockchain Tech for Mobile Messages

11.6.2020
South Korean insurance giant KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients

South Korean Merchants Open to Accepting Digital Yuan

10.6.2020
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future

South Korean Merchants ‘May Accept Digital Yuan from Chinese Tourists’

10.6.2020
Countries with a large influx of Chinese tourists could be among the first outside the Middle Kingdom to accept the forthcoming digital yuan, claims a South Korean report – although it comes with warnings of “Big Brother’s” creeping influence over Chinese finance. Per South Korean news agency...

South Korean City Opens Public Services to Blockchain-Based ID App

9.6.2020
South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug

South Korean Crypto Exchange Is First to List Kakao’s Token

6.6.2020
Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs

South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief

2.6.2020
A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case

South Korean Gov’t May Introduce Capital Gains Tax on Crypto Earnings

2.6.2020
The South Korean government could introduce capital gains tax on crypto earnings – and may unveil its proposals as early as next month. Per a report from Digital Today, the South Korean Ministry of Economy and Finance is seriously considering imposing the same sort of tax rules on crypto earnings...

South Korean Electronics Giant LG Joins Hedera Hashgraph Council

28.5.2020
Electronics giant LG joined the Hedera Hashgraph governing council Wednesday. Its the council's first home appliance manufacturer and second Asia-based member

South Korean Crypto Tax ‘Coming Next Year for Traders, Miners & ICOs’

27.5.2020
South Korean ministries have pledged to impose tax on cryptocurrency trading and crypto mining “from next year.” Per reports from E Daily and Decenter, the Ministry of Economy and Finance is preparing to make an amendment to the existing Income Tax Act that will include clauses about taxing...

Jobless South Korean University Graduates Are Increasingly Interested in Blockchain

26.5.2020
Can blockchain cure the country’s job creation woes?

South Korean University Announces New Blockchain Campus

23.5.2020
Suseong University closed a deal with the Korea Artificial Intelligence Association to launch a blockchain campus by 2021

South Korean Central Bank Steps up CBDC Work ‘in Response to COVID-19’

18.5.2020
The South Korean central bank has sped up its digital currency issuance progress, per a new report, with officials to begin a tech review several months ahead of schedule. According to Chosun, the central Bank of Korea (BOK) says it has conducted a study of the technological advances required...