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South African rugby icon Siya Kolisi headlines new crypto advertising campaign

29.8.2022
The Springbok captain features in a new advertising campaign promoting a long-term attitude towards cryptocurrency investing in South Africa

Court Rules Bithumb Must Pay Damages to 190 Customers Over ‘Computer Errors’

29.8.2022
A South Korean appeals court has ruled that the crypto exchange Bithumb is liable for damages in the case of a group of traders who missed out on trading gains due to “computer errors.” Per Newsis, the verdict was issued by a branch of the Seoul High Court. The case dates back to 2017 and involves...

South Korea’s Central Bank Calls for End to ICO Ban

29.8.2022
South Korea’s blanket ban on initial coin offerings (ICOs) could finally be on the way out after the central Bank of Korea (BOK) spoke out in favor of policy change. The ban was first put into place in late 2017 as crypto fever took hold in the country and the government responded with a series...

Binance to Help South Korean City of Busan Grow Crypto Adoption, Develop Blockchain Ecosystem

28.8.2022
Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City...

178 South Korean Darkweb Users Arrested on Suspicion of Crypto-powered Drug Trading

26.8.2022
Police in Seoul, South Korea, have arrested 178 people on suspicion of buying and selling drugs online using cryptoassets as a means of payment. According to JTBC, Seoul Metropolitan Police officers said they had arrested 12 suspected drug dealers and 166 of their alleged customers, stating that...

South African Cryptocurrency Ownership Rate at 10% — Report

26.8.2022
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is...

Binance to Help South Korean City of Busan Launch a ‘Digital Assets Exchange’

26.8.2022
The crypto exchange giant Binance will set up shop in South Korea’s “blockchain hub” city of Busan – and although the firm will not be opening a token trading platform in the nation as of yet, the company could help the city launch an exchange of its own.... Read More: Binance to Help South Korean...

‘7 South Korean Securities Firms Will Launch Crypto Exchanges in 2023’ – Report

23.8.2022
A slew of major South Korean securities companies – many of which may be affiliated with major commercial banks and business groups – could be set to launch crypto exchange platforms as early as next year. Per Newspim, “seven large domestic securities companies” have already applied to financial...

South Korean financial majors want to create virtual assets exchange in 2023: Report

22.8.2022
Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange

Two-thirds of Surveyed South Koreans Say Cryptoassets Aren’t Securities

22.8.2022
Over six in 10 South Koreans do not think cryptoassets are securities, a new opinion poll has found – although lawmakers may instead prefer to follow Washington’s lead in determining which coins to class as securities. The survey was conducted by Cratos, the operator of a blockchain...

Vitalik Buterin Says Ethereum Will be '55% Complete' Post-Merge, Hodlnaut Reveals Massive Shortfall, AMC Shares Tumble 40% + More News

22.8.2022
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: Vitalik Buterin Says Ethereum Will be '55% Complete' Post-Merge, Hodlnaut Reveals Massive Shortfall, AMC Shares Tumble...

South Korea Plans to Tax Crypto Airdrop Recipients: Report

22.8.2022
South Korea’s Ministry of Economy and Finance has said crypto airdrops could be subjected to a gift tax of between 10% and 50%

Crypto tax can wait, free coins can't: S. Korea mulls 'gift tax' for airdrops

22.8.2022
South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines

Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges

20.8.2022
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...

South Africa's Monetary Authority Greenlights Banks to Serve Crypto Clients

19.8.2022
The central bank warned against the "wholesale" banning of clients over risk after a number of local banks moved to terminate services to crypto exchanges and other intermediaries in previous years

South Korean Kok Play Token Masterminds Reportedly Face Prosecution Probe, Investors 'Must Escape Now'

19.8.2022
South Korean prosecutors are reportedly set to investigate the company behind an Ethereum (ETH)-based altcoin named Kok Play over allegations of fraud. The coin is, per its white paper, the brainchild of the Kok Foundation, and has been listed on a number of large international crypto exchanges....

South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’

19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...