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Nalezeno "South korea": 2094

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...

South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains

9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed

South Korea to Donate $5 Million to WHO for Humanitarian Aid in North Korea

6.12.2019
South Korean government will donate $5 million to the World Health Organisation (WHO) for the first time in 5 years. The donation will help provide humanitarian aid in North Korea, which will make medical treatment more accessible for women and children. The announcement was made by the unification...