South Korea

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...

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...

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...

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...

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...

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...

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...

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 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...