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South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...
Bank of Korea Launches a Department Devoted to Blockchain and AI
22.7.2020
Bank of Korea is launching a digital innovation department that will leverage blockchain and AI to improve business efficiency
South Korea Will Air a Crypto-Themed TV Series in October
22.7.2020
“Romantic Hacker” will feature a K-pop star whose story is based on the hack of a fictitious crypto exchange
South Korea Finalizes Cryptocurrency Income Tax of 20%
22.7.2020
South Korea has finalized a new 20% tax rate for income generated from crypto trading
Crypto Scammer Sentenced by South Korean Authorities
21.7.2020
Man sentenced to two years and six months in prison after multi-million dollar crypto fraud
Korean Exchanges Struggle With Expansion Amid Uncertain Regulations
20.7.2020
Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity
South Korean Giant Hanwha Invests $3M in Crypto Disclosure Startup
16.7.2020
Xangle, a crypto disclosure platform by CrossAngle, closes a $3.3 million round from South Korea’s conglomerate Hanwha Group
South Korea Might Soon be Spending Billions on Blockchain Development
14.7.2020
President Moon Jae-in wants to allocate billions of dollars to strengthen industry 4.0 technology
South Korea Could Issue a Crypto Capital Gains Tax as High as 20%
13.7.2020
Crypto taxation in South Korea could increase to 20% for capital gains
Why Banks Keep Blocking Cryptocurrency-Related Transactions
12.7.2020
The close interaction between traditional finance and regulators is the key element in the development of the cryptocurrency industry
South Korea Brings Blockchain to Healthcare, but That’s Just the Start
11.7.2020
Healthcare is among the first industries in South Korea to receive the benefits of data management and storage on blockchains
South Korean National Assembly to Discuss Crypto Transaction Transparency
9.7.2020
South Korean legislature will host a seminar to address crypto laundering and other related topics
South Korea Considers Blockchain-Run Free Trade Zone
7.7.2020
The South Korean government considers a free trade zone for industrial hemp run on a blockchain-based platform
Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient
3.7.2020
This South Korean company joined forces with Samsung to forward requests to insurance companies using Blockchain technology
South Korean NGO Announces Blockchain-Based Healthcare Platform
2.7.2020
The Commons Foundation unveiled plans to build a blockchain platform to track COVID-19 cases in South Korea
Russia: Bitcoin Activity Rising Despite Strict Law Proposals
1.7.2020
As Russia draws up new strict cryptocurrency legislation, P2P Bitcoin exchanges and crypto trades in the country rise significantly
Investors Defrauded by South Korean Pyramid Scheme
30.6.2020
An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors
South Korea Vows to Pump USD 111m into Blockchain R&D over Five Years
30.6.2020
South Korea has pledged to inject USD 111 million into the development of blockchain technology, with central government-sponsored research flowing until at least 2025.
The move is the brainchild of the nation’s Ministry of Science and ICT, which has worked jointly on the initiative with...
South Korea OKs Blockchain Certificate Use in Public, Private Sectors
30.6.2020
The South Korean government will allow the use of blockchain-powered public certificates beginning in December this year.
Per Hanguk Ilbo and UPI News, Seoul says that it will make amendments to the nation’s existing Electronic Signatures Law that will allow for citizens and companies to make...
South Korean Government Turns to Blockchain Tech to More Reliably Store Clinical Diabetes Data
29.6.2020
The government has asked startup Sendsquare to develop a proof-of-concept blockchain registry to help analyze, anonymize and store clinical diabetes data