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Korean Government Confiscates $47 Million in Crypto From Tax Evaders

24.6.2021
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders...

South Korea’s 2021 Budget to Revive Lost Pandemic Taxes

23.6.2021
Due to the novel COVID-19 pandemic, the nation faced a grave economic loss. As a result, South Korea was not able to meet the economic agenda of the year 2020. Due to this fiscal trial, the Finance Minister of South Korea has proposed a budgetary supplement resource for the second time in 2021....

Latest South Korean Tax Evasion Busts: Crypto Worth USD 47m Seized

23.6.2021
The South Korean crackdown on high-band taxpayers who have used crypto purchases to hide the scale of their earnings from the taxman has rolled on to the affluent Gyeonggi Province, catching some big fish – with crypto confiscated from rich doctors and TV stars. Since gaining the powers they needed...

South Korea Mulls Singapore-style Approach to Crypto Regulation

22.6.2021
Singapore. The South Korean financial regulator is looking to Singapore for inspiration as it forms new crypto sector policies, sparking anticipation that it may look to adopt a similar system. Singapore is known for having one of the most progressive approaches to crypto regulation in the world...

‘Confusion’ as Regulator Chimes in Amid South Korean Delisting Spree

19.6.2021
Crypto investors have been left “confused” after a spate of altcoin delistings on major South Korean exchanges has escalated to the point where the regulator has stepped in with yet more rules for under-fire trading platforms. Already reeling from racing to adopt a long list of compliance measures...

Videogame Article

18.6.2021
Pithy opening that assumes my position as the imparter of information, but also implies my confidence that over a beer we could get on just fine. Declaration of the news story in one line, strongly suggesting—though absolutely not directly saying so—that I am first to break this story.Read more

Nestree Launches a Reward-Based Digital Commerce “Nestree Mall”

18.6.2021
PRESS RELEASE. A South Korean blockchain-based community messenger “Nestree” has announced that it is launching an innovative and cutting-edge reward-based digital commerce platform called “Nestree Mall’. Nestree Mall is part of the roadmap of the blockchain platform that...

Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls

18.6.2021
Multiple South Korean crypto exchanges have gone on token purges, culling a wide range of altcoins from their platforms – and following in the wake of the market-leading exchange Upbit, which has earmarked 30 coins for the ax. As previously reported, Upbit’s unexpected move saw five coins removed...

Korean Exchanges Delist High-risk Coins as They Face Tough Regulations

17.6.2021
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading...

Head of South Korean Opposition Party Admits Crypto Trading Experience

17.6.2021
Lee Jun-seok. Another major political leader has come out as a crypto enthusiast – as the new leader of the biggest South Korean opposition party has admitted to trading tokens “for fun.” Lee Jun-seok, aged just 36, stunned the political world last week when he won the leadership election for...

Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining

16.6.2021
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over...

Regulator Extends South Korean Crypto Exchanges’ AML Window by 6 Months

15.6.2021
South Korean crypto exchanges have been given a short extension in their race to get anti-money laundering (AML) protocols in place – although the nation’s top regulator has promised to place the industry under “intense scrutiny” in the months ahead. The nation’s first piece of crypto-specific...

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