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South Korea financial authority rules that NFTs are taxable
23.11.2021
Korean lawmakers plan to impose taxes on NFTs after classifying them as virtual assets
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
South Korea's leading blockchain facing greater competition in NFT market
19.11.2021
South Korean blockchain platform Klaytn may see its domestic dominance dwindle if it cannot keep pace with competitors such as Polygon
South Korea embraces the proto-Metaverse
18.11.2021
South Koreas will be immersed in the Metaverse sooner than later, as industries and public services begin rolling out virtual avatars and applications across the country
Investments in Bitcoin Increased, in Ethereum - Dropped + More News
16.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Investments in Bitcoin Increased, in Ethereum - Dropped + More News
South Korean lawmakers push back against controversial “know-the-sender” rule
16.11.2021
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry
‘Only 1% of Super-Rich South Koreans’ Willing to Invest in Crypto – Survey
16.11.2021
Crypto investment has hit sky-high levels in South Korea this year, with trading volumes at most exchanges breaking all sorts of records, leaving stock market volumes in the dust behind. The issue of crypto has even infiltrated mainstream politics, where it could set to determine the result of next...
Coinbase Users Sharing Crypto Portfolios, ETFs in US & India + More News
15.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
...
Read More: Coinbase Users Sharing Crypto Portfolios, ETFs in US & India + More News
Animoca Brands unveils plans for K-pop NFT metaverse
15.11.2021
Animoca Brands has announced it will partner with Korean record label Cube Entertainment to build a “K-pop metaverse.”
South Korea’s Prospective New President Mulls ‘Giving a Crypto to all Citizens’
13.11.2021
Crypto has become a key issue in the run-up to the South Korean presidential election – with shots firing in all directions as politicians hunt for votes.
As previously reported, the ruling Democratic Party nominee Lee Jae-myung has already pledged to unpick crypto tax law to delay the imposition...
AMC Starts Accepting Crypto, Regulatory Meetings, Bitcoin Mining Difficulty + More News
12.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ ...
Read More: AMC Starts Accepting Crypto, Regulatory Meetings, Bitcoin Mining Difficulty + More News
Business Giant Hankook Readies Crypto, NFT Move
12.11.2021
Hankook Technology, a South Korean conglomerate and part of the business group that comprises one of the world’s largest tiremakers (Hankook Tire & Technology), has announced that it is branching out into crypto and non-fungible tokens (NFTs)....
Read More: Business Giant Hankook Readies Crypto...
Seoul to Launch ‘Metaverse’ Public Service Platform in 2022
10.11.2021
Seoul says that it will become the first local government in South Korea to launch a metaverse public service platform.
The initiative is the brainchild of the Seoul Metropolitan Government, which will launch a metaverse platform as part of its attempts to create a “contactless communication...
‘Kimchi Premium Fraud Ring’ Busted in South Korea
30.10.2021
The South Korean police have arrested three people it claims orchestrated a major crypto fraud ring that told investors they could take advantage of the so-called “kimchi premium.”
Per NoCut News, the alleged scam’s center of gravity was the North Jeolla Province, in the southwest of the country....
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware
27.10.2021
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States....
South Korean pension fund to invest in Bitcoin ETF: Report
26.10.2021
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an exec reportedly said
Asian CBDC projects: What are they doing now?
16.10.2021
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Real-Life Squid Game Taking Place In South Korea, Minus The Killing
13.10.2021
In Gangwon Province, South Korea, a hotel announced that it will be holding a real-life version of Squid Game later this month. According to The Korea Times, St. John’s Hotel in Gangneung will be hosting the event. The hotel’s official site is publicizing the real-life take on the popular Netflix...
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