Search
Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea
24.4.2021
The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going...
Seoul government seizes $22M worth of crypto from tax evaders
23.4.2021
The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents
‘Intense Crackdown’ until End of June as Seoul Fights Crypto Fraudsters
21.4.2021
A new joint South Korean police-government-regulator crackdown on crypto-related fraud and multi-level marketing (MLM) fraudsters will be complete “by the end of June,” authorities stated, as Seoul moves to stamp out bogus and illicit crypto operators.
Per Seoul Kyungjae and the Segye Ilbo,...
Seoul to Target Kimchi Premium Crypto Sellers by Policing Int’l Remittances
20.4.2021
The South Korean government is consulting on plans to regulate overseas remittances and banks with ties to crypto exchanges over concerns money is flowing abroad from the country in crypto purchases.
Per Maeil Kyungjae, it appears that some South Korea-based investors are attempting to exploit...
South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018
13.2.2021
A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown...
Blockchain Projects Gain Boost in Seoul’s USD 7Bn 2021 Spending Plan
8.1.2021
The South Korean government has pledged to spend USD 7bn on public projects this year, a figure that will include blockchain spending.
The money will back what ministers have labeled the “Korean New Deal,” and particularly what they have called the “core” of the measures, the “Digital New Deal,”...
South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives
8.12.2020
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities...
Seoul Unsure Who Takes the Buck for North’s Crypto Raids + More News
23.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
The question of who exactly in the South Korean governmental setup is responsible for countering North Korea’s alleged systematic...
S Korean Industry Group Asks Seoul to Suspend Crypto Taxes until 2023
15.10.2020
Source: Adobe/Андрей Яланский
The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time.
Per ZDNet Korea...
South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation
7.10.2020
Korean lion dog statue and the National Assembly building, Seoul. A politician has called on South Korea to “urgently” prioritize the development of crypto security technology – stating that blockchain-powered finance is now an inevitable reality for the country, and the rest of the world.
Lee...
South Korean Police Seize Shares From Major Bithumb Shareholder
18.9.2020
South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows...
Seoul Police Conduct Second Raid on Crypto Exchange Bithumb
8.9.2020
Police in Seoul, South Korea, have conducted a second raid in the space of just five days on Bithumb, the country’s market-leading crypto exchange.
Per media network KBS, the Seoul Metropolitan Police Agency’s intelligence unit said that it had raided two offices belonging to Bithumb – including...
Seoul police reportedly investigating South Korea's largest crypto exchange Bithumb
2.9.2020
Another exchange in South Korea comes under the police spotlight
Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
27.8.2020
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well...
A Blockchain company in Seoul may be ground zero for a fresh resurgence of COVID-19
25.8.2020
A major South Korean tech hub is under scrutiny by local health authorities
LG Shows off Blockchain-powered Farming System at Seoul Metro Station
22.7.2020
Source: LG U+
South Korean electronics giant LG has created a very public showcase for its blockchain-powered food and agriculture traceability platform – at one of Seoul’s busiest subway stations.
Per Paxnet, LG’s telecoms subsidiary LG U+ and its IT services arm LG CNS have teamed up for...
Seoul to Blockchain Firms: Take ‘Golden’ Chance to Gain Ground on US, EU
17.4.2020
The South Korean government has called on the nation’s private sector to seize a “golden” opportunity to take the lead in the global blockchain market – and plans to fund a new spate of blockchain-related projects in its next budget.
Per Fn News, Seoul’s Vice Minister of Strategy and Finance...
Bitcoin.com Partners With Mecon Cash, Enabling BCH to Korean Won Withdrawal at Over 13,000 ATMs Across South Korea
20.1.2020
Bitcoin Cash has been added to Mecon Cash’s M.Pay platform which is integrated with over 13,000 ATMs in South Korea. By making bitcoin cash usable for withdrawing won across the country, Mecon Cash is ensuring that BCH users in Korea can always make urgent and small transactions in any place...
Sigmachain Organizes “Foundation Conference” In Seoul
8.11.2019
The leading tech giant, Sigmachain, recently garnered a lot of attention from the financial space as it proudly hosted the “Foundation Conference” in collaboration with the Sigmachain Network Alliance partners in the capital city of Seoul on November 2, 2019. The event was graced by eminent...
PlayDApp Will Unlock the True Potential of Gaming
24.10.2019
The blockchain will unlock gaming’s true value
Asia's largest blockchain festival 'KBW 2019' main conference 'D. FINE'
Kevin Chu "Gamers are already ready to use blockchain technology"
Sung-Won Choi PlayDapp Head of Strategy "Share items in different games with blockchain”
The post PlayDApp Will...