South Korea proposed a 20% tax on gains generated by crypto trades
South Korea has proposed a bill to introduce a tax on profits created by crypto tradingsThe resident building gains of more than 2.5 million...
Korean Blockchain Association Calls for Crypto Tax Plan to Delayed until 2023
This new tax strategy is initially planned to be implemented from October 1he government's time frame for the compliance shall be increased to January...
Korea to Pilot Run CBDC Development but Doesn’t Plan to Launch on Full Scale
Bank of Korea on Wednesday announced a pilot test for the Digital CurrencyCentral bank in April has already commented that the country has launched...
Korea Appraisal Association and Kookmin Bank Announces Blockchain-Based Appraisals
MOLIT Korea will start legal process to adopt digital appraisalsKB Kookmin Bank and Korea Appraisal Associatio starts promotion of blockchain based real estate appraisalsAfter...
Korea’s leading cryptocurrency exchange Bithumb under police scanner
Seoul police is purportedly investigating South Korea's largest crypto exchange Bithumb.The investigation is related to suspicion of investment fraud related to the issuance of...
Crypto Assets Subject to Taxation for the First Time in South Korea
The State Council of South Korea has passed the 2020 Tax Law Amendment.Cryptos like BTC and ETH will also be taxed following the law.crypto...
South Korea Launches Blockchain-based Driver’s License
South Korean Government planned to provide blockchain-powered digital alternatives in transition for the traditional card, which can be accessed through the smartphone app “PASS”People...
Kookmin Bank Unveils Cryptocurrency Custody Services for its clients
KB Kookmin Bank’s move is in regard to the approval of a revision to Act on Reporting and Using Specified Financial Transaction Information...
Busan Cryptocurrency Development Leaves Several Red Faced
In August 2019, Busan - the second largest city of South Korea, had expressed its desire to boost its economy with its own...
South Korea Witnesses Surge in Number Of Companies Involved in Crypto Fraud
South Korean Financial Supervisory Service (FSS), on August 3, 2020, cautioned that the number of fraud companies that claimed to invest in virtual currency...
Employee Imprisoned In A Recent South Korean Cryptocurrency Mining Fraud
The number of new Ponzi schemes has arisen and attackers are hacking into and stealing cryptocurrencies from wallets and addresses.
Per CipherTrace, around...
South Korea to Introduce Stricter Tax Reforms for Investment in Digital Assets
Stricter Tax Reforms for Investment in Digital Assets in South Korea to Outweigh Pandemic Loss.
They plan to include such investments under the 20% tax...
South Korea Launches Digital Driver License System Backed By Blockchain Technology
A few weeks ago, South Korean had launched a digital driver's license service on PASS.
Service built by Korean National Police Agency And...
South Korea’s New Blockchain Deal Will Create 330,000 Jobs By 2022
South Korea to invest a staggering 160 trillion won ($133 billion) invested for an efficient blockchain system.
The digital platform centers in the...
Bank Of Korea Introduces A New Legal Advisory Council For Its CBDC
Recently on Monday, June 15th, 2020, Bank of Korea (BOK) released a group that aims at giving legal advice to the central bank-issued...
Bank Of Korea’s Mid-Long Term Development Strategy Highlighted Digital Currency
Bank of Korea has decided to strengthen its research and development capabilities and is aiming to prepare digital currencies.
‘BOK2030’ is the new...
AI Conference To Promote Blockchain Industry in Busan, South Korea
Smart city Busan will hold the AI exhibition and conference. It will be for the first time this year that Busan will broadcast...
South Korea To Spend 258.6 Billion Won for International Blockchain standardization
A “2020 National Standard Implementation plan” resolved mutually by the 16 departments, ministries, and agencies.
The Ministry of Agriculture, Food and Rural affair...
South Korean Ministry Likely To Impose Crypto Tax By Next Year
The Ministry of Economy and Finance of South Korea are preparing to impose income tax on crypto trading and mining from next year.
...
To Track Child Pornography, South Korea Police Tracks Criminals By Cryptocurrency
South Korean police have availed themselves of cryptocurrency in tracking down sellers and buyers involved in the child pornography crime.
This case with...
Upbit Continues To Freeze Foreign Crypto Withdrawals Amid Regulatory Uncertanities
Upbit is a South Korea based cryptocurrency company launched on October 24, 2017.
South Korean exchange Bithumb’s 70$ million dollar tax fine from...
Korean government to impose taxes on digital currency transactions?
South Korea is taking its steps to impose taxes on digital currency transactions.
As Per the Report, traders will pay premiums of more than 20%...
