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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 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....
Korea's 'poop-coin' project got flushed in February, inventor reveals
19.8.2022
There wasn't enough interest in the project, and it wasn't able to stand on its own, the Korean professor behind the Beevi project said
First Mover Asia: Bitcoin Sinks Below $23K; South Korea's Bumpy Crypto Path Forward
19.8.2022
The prices of the largest cryptocurrency in market value and ether both continued recent losing streaks after late-in-the-day declines
Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
18.8.2022
South Korean regulators say they will move to regulate stablecoins in the wake of the “Terra/LUNA incident.”...
Read More: Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
Korean financial watchdog to block tens of unregistered exchange websites
18.8.2022
Korea's Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country
South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration
18.8.2022
Crypto exchanges KuCoin and Poloniex are among the foreign firms accused of conducting "illegal business activities."
KuCoin & 15 More Crypto Exchanges Face Ire of South Korean Regulator
18.8.2022
Sixteen international crypto exchanges – including KuCoin and the Mexican heavyweight MEXC – have landed in hot water with South Korean financial regulators for failing to comply with local guidelines and allegedly courting domestic clients without operating permits....
Read More: KuCoin & 15 More...
'Don't Say Terra' and Other Reflections From Korea's Crypto Extravaganza
18.8.2022
A series of conferences in Seoul explored the future of DeFi, but the $40 billion blowup of a major Korean crypto project was not on the agenda
Do Kwon Reportedly Lawyers Up, Colombia May Fight Tax Evasion with Digital Currency, Unstoppable Domains Lunches App + More News
17.8.2022
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: Do Kwon Reportedly Lawyers Up, Colombia May Fight Tax Evasion with Digital Currency, Unstoppable Domains Lunches App...
Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation
17.8.2022
Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation
Pay Your Traffic Fines or We’ll Confiscate Your Crypto – S Korean Police Pilot Grants Officers New Powers
17.8.2022
South Korean police have been given experimental new powers that allow them to seize crypto from people who refuse to pay fines – and have already taken tokens from a citizen who failed to pay a traffic fine....
Read More: Pay Your Traffic Fines or We’ll Confiscate Your Crypto – S Korean Police...
South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move
16.8.2022
The securities arm of South Korea’s second-largest business group will take the crypto plunge – and will team up with a domestic commercial bank as part of its efforts....
Read More: South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move
Hyundai’s Securities Affiliate to Add Crypto Data to its Asset Management Platform
15.8.2022
Hyundai Motor Group’s securities arm has extended its partnership with the South Korean crypto exchange Bithumb – and will allow its app users to access real-time crypto markets data.
In an official announcement, Hyundai Motor Securities, one of South Korea’s biggest securities providers...
Kimchi Premium Trading Total Could Be Almost Twice as High as First Thought, Says Regulator
15.8.2022
The sum total of illegal kimchi premium trading conducted via South Korean banks could be as high as USD 6.5 billion, regulators claim – and authorities in the nation say they are now investigating “all” domestic commercial banks over the matter....
Read More: Kimchi Premium Trading Total Could...
First Mover Asia: Bitcoin Tests $25K Before Retreating; Korea Play-to-Earn Ban Unlikely to End Soon
15.8.2022
The Korean government has yet to show any sign of wanting to change current laws, said attendees at Korea Blockchain Week
Iskra Redefines Game Publishing at Korea Blockchain Week, Announces New Games
13.8.2022
PRESS RELEASE. SEOUL – Iskra took the stage at Korea Blockchain Week, outlining their vision of game publishing in the era of Web3. “The technology is now available for us to provide an ecosystem that enables better outcomes for everyone: players, game developers and the platform...
Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam
12.8.2022
According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial...
South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report
11.8.2022
The FSC will reportedly “make institutional supplements that will take a balanced approach to blockchain development, investor protection, and market stability" on bills proposed