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Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors
10.1.2020
A South Korean crypto YouTuber has been assaulted at his home, with some suggesting the attackers may have been upset investors
Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone
9.1.2020
Bithumb could invest over $8 million into South Korea’s regulatory free zone in Busan
Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream
8.1.2020
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s...
Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar
7.1.2020
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with...
Major South Korean Crypto Exchange Bithumb Launches R&D Center
7.1.2020
Bithumb, a major South Korean crypto exchange, is launching its own R&D center for cryptocurrencies and blockchain technology
South Korean Presidential Commission Wants to Bring Crypto Into Mainstream Finance
6.1.2020
Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body
South Korean Presidential Committee Recommends Allowing Bitcoin Derivatives
6.1.2020
The South Korean Presidential Committee on the Fourth Industrial Revolution has reportedly recommended the government to allow the development of crypto derivatives
South Korea Drafting Legislation To Tax Individual Crypto Profits
2.1.2020
South Korea is working on legislation to tax crypto profits
Is South Korea’s Central Bank Set to Make a Digital Fiat U-turn?
2.1.2020
South Korean media commentators are asking if the central Bank of Korea (BOK) has made a policy reverse on its stance towards central bank digital currency (CBDC) issuance.
Sisa Journal reports that the BOK appears to have changed its tune on CBDCs of late.
Last month, the BOK stated that it...
Government Confirms Crypto Profits Not Taxable in South Korea
2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...
South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...
Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb
30.12.2019
South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb
Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill
29.12.2019
South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it
Asia’s Love Affair With Blockchain Is Blossoming
28.12.2019
Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of...
South Korean Central Bank to Organize a CDBC Task Force
27.12.2019
South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology
South Korea Forms Task Force for Central Bank Digital Currency Research
27.12.2019
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020
Entrepreneurs From China, Japan, and South Korea Call for Bringing Ease of Trade
24.12.2019
As China, Japan, and South Korea trilateral summit is opening avenues for solving three nations’ trade-related issues and increased co-operation, on its sidelines, the prominent business leaders from these countries have met. The meeting has happened in Chengdu, China and was organized by...
Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan
19.12.2019
Busan, South Korea’s second-largest city in cooperation with telecom giant KT plans to release a blockchain-based local currency by Dec. 30
South Korean Co-Working Space Operator SparkPlus Turns to Blockchain
17.12.2019
Seoul-based SparkPlus plans to open co-working centers in properties listed on the blockchain funding platform Kasa Korea
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...