2022-4-25 01:51 |
GameFi adoption has been hitting obstacles worldwide, including China and Korea, because of laws about converting in-game tokens to currency; major cryptos drop.
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As the laws are getting stricter in South Korea, tax filings in the country will also include crypto earnings from 1 January 2022, as per local reports. Earlier, South Korean authorities were mulling The post No deferral on taxation law, South Korea to tax crypto gains 2022 onwards appeared first on AMBCrypto.
2021-10-2 19:00 | |
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Cryptocurrency investors in South Korea may have to revisit their tax filings to include crypto earnings as the laws get stricter. The government of South Korea recently proposed a revision of its taxThe post South Korea to amend tax laws for addressing tax evasion by crypto investors appeared first on AMBCrypto.
2021-7-27 03:00 | |
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The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today.
2021-5-7 19:00 | |
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South Korean officials are in talks to delay a crypto taxation law scheduled for later this year, as per a report by local daily Hankyung today. The post Korea weighs delaying crypto taxation laws to appeal to young voters appeared first on CryptoSlate.
2021-4-27 19:00 | |
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OKEX Korea is closing its doors to investors in the country on April 7, 2021. The upcoming VASP laws could be the reason the exchange is shutting down its operations. The post OKEx Korea to Shut Down In Two Weeks; New AML Laws Coming Into Effect for VASPs first appeared on BitcoinExchangeGuide.
2021-3-24 21:54 | |
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OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday.
2021-3-24 12:48 | |
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The laws will come into effect on March 25, a statement reads. The post South Korea Revises Penalties to Strengthen KYC/AML Compliance Across Crypto Exchanges first appeared on BitcoinExchangeGuide.
2021-3-12 19:32 | |
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South Korea’s National Assembly has approved the postponement of the country’s 20% cryptocurrency tax enforcement until early 2022. This conclusion was reached after recent regulatory talks concerning the amendment of several tax laws in the country.
2020-12-1 13:34 | |
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South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021.
2020-11-25 13:20 | |
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Privacy coins like Monero (XMR) and Zcash (ZEC) will become illegal in South Korea from Mar. 2021. The news is the latest assault on encryption and privacy as regulators enact laws targeting such protocols amid intensifying anti-money laundering (AML) efforts.
2020-11-19 18:48 | |
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Will this legal contradiction be resolved before the deadline?
2020-9-25 03:01 | |
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The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law.
2020-5-28 23:30 | |
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Crypto-taxing has been talked about a lot lately. While South Korea's regulators recently stated that taxes cannot be imposed on crypto-profits, Spain’s tax agency, the Agencia Estatal de AdministraThe post Bitcoin: Are current crypto-tax laws hindering coin's adoption? appeared first on AMBCrypto.
2020-4-19 00:30 | |
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The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space.
2020-3-10 21:00 | |
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The past couple of days have been spectacular in terms of bolstering crypto adoption. Financial regulators and lawmakers in India, South Korea, Germany, and France have softened their stance towards crypto through the passing of crypto-friendly laws.
2020-3-8 10:36 | |
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South Korea’s National Assembly has just passed regulations that will result in a ‘restructuring of cryptocurrency exchanges. ’ The ramifications of the new laws are enormous, resulting in mandating real-name accounts on exchanges as a means to curb money laundering.
2020-3-5 15:10 | |
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Ledger closed a partnership with FLETA, which is a blockchain platform for decentralized applications (dapps) based in South Korea, to offer custodian services that comply with the local laws. Ledger has created Ledger Vault in an attempt to offer its institutional-lever services to more clients.
2020-1-23 20:36 | |
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Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions.
2020-1-17 13:58 | |
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Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions.
2020-1-18 13:58 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading.
2019-12-30 16:00 | |
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Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry.
2019-12-3 16:40 | |
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Are 97% of Korean exchanges really on the verge of closure? Banks have been putting pressure on local players, but recent developments show the situation can finally change
2019-10-7 12:30 | |
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Ethereum co-founder Vitalik Buterin and a bipartisan group of lawmakers urged the South Korean government to deregulate the blockchain industry. They say the current laws are overly restrictive and therefore, inhibit innovation.
2019-4-7 14:15 | |
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The sixth largest crypto exchange in the world, Huobi Korea, has decided to change the protections that they formerly had in place for anti-money laundering (AML). The firm announced its decision to alter these policies on February 21st this week.
2019-2-22 06:59 | |
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Since it came to life in early 2009, Bitcoin has begun disrupting the world of finance. Over the years, this decentralized digital currency came to mean different things for different people.
2019-2-18 18:30 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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The Korea Bar Association is calling on the government to put in place laws guiding digital currency and investor protection. Bar Association Calls for Cryptocurrency Laws According to Reuters, South Korean lawyers called on the government to create laws that would enable the development of the digital currency industry and improve investors’ protection in the […] The post Cryptocurrency Investor Protection Laws are Necessary, says Korean Bar Association appeared first on Ethereum World News.
2018-11-9 16:55 | |
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Aiming to create an SEC and FINRA-compliant U. S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.
2018-11-1 19:06 | |
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Law and order dominates. Inevitably for policy makers, they are now drafting laws after realizing Bitcoin and cryptocurrencies are here to stay. Regulators in Japan, South Korea and Thailand were the first to pick up early signals but now, the wave is sweeping across Europe.
2018-10-9 06:00 | |
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Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.
2018-10-4 20:51 | |
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When media outlets report regulatory news such as bans on crypto (think China, Venezuela and South Korea) and treatment of initial coin offerings (ICOs) under securities laws (think U. S. ), these have the greatest negative effect on valuations, according to Sept.
2018-9-25 17:30 | |
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The U. S. FBI and law enforcement in South Korea and Japan have arrested two people in connection to phishing scam that stole $800,000 worth of Ripple (CRYPTO: XRP) tokens in a joint operation reported last week.
2018-9-17 20:00 | |
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South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at crypto exchanges. There are currently several crypto-related laws pending at the National Assembly.
2018-7-28 09:45 | |
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Reports from Bloomberg today have revealed that Korea’s financial regulators are urging lawmakers to quickly pass cryptocurrency legislation to protect investors from under-securitized exchanges. The Bloomberg article states that local exchanges are “rife with security flaws and money-laundering risks”.
2018-7-27 12:25 | |
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Reports from Bloomberg today have revealed that Korea’s financial regulators are urging lawmakers to quickly pass cryptocurrency legislation to protect investors from under-securitized exchanges.
2018-7-27 23:28 | |
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South Korea’s National Assembly is reportedly set to witness a whirlwind of legislative efforts around cryptocurrencies in the coming days. Between July 13 and 26, members of a number of Korean political parties are expected to submit bills focused on regulating cryptocurrencies, initial coin offerings and blockchain, according to a report from The Korea Times. While
2018-7-12 23:33 | |
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Lawmakers in South Korea are said to be racing to make laws to regulate the sector.
2018-7-12 20:30 | |
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Earlier this year, top financial heads of the G20 country had a discussion for cryptocurrencies and their role in the global economy. At that time, the leaders pledged for having “unified regulations” towards the functioning of digital currencies.
2018-7-7 11:48 | |
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One of the most controversial topics in the crypto industry, taxation, has yet to be settled by regulators. The industry has been kept guessing what policies regulators will eventually agree on, and with different regions and countries having very different outlooks on cryptocurrency, there is no telling what laws to anticipate. The South Korean crypto […]
2018-6-27 17:00 | |
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Hailed as one of the fastest growing markets in the world, South Korea has had many international companies set its sights on expanding its Asian outputs further into the area. This was emphasised even further by Ripple’s VP, Eric van Miltenburg, who called for South Korea to relax its laws concerning cryptocurrency.
2018-6-21 23:00 | |
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Eric van Miltenburg, the Senior VP of Ripple, believes that South Korea needs to relax some of its more stringent cryptocurrency laws. He made his views known in a recent phone chat with The Korea Times.
2018-6-11 08:00 | |
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State of Wisconsin Investment Board (SWIB) has disclosed it bought almost $100 million of BlackRock’s Bitcoin ETF $IBIT. The state pension disclosed the holdings in a 13F on Tuesday. Senior ETF analyst Eric Balchunas says these filings suggest more firms are set to buy spot Bitcoin ETFs.
“Roaring Kitty is living proof that retail can mog (outperform) institutions at the highest level,” one meme coin developer said.
Coinbase faces a system-wide outage but ensures users that funds remain secure as its team investigates the issue. The post Coinbase claims full recovery after system-wide outage appeared first on Crypto Briefing.
Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.
Stocks related to Keith Gill surged while opportunistic developers issued scores of meme coins on various blockchains to capitalize on the hype.
The announcement comes at a time when Japan's fiscal crisis is said to be playing out in the currency market.
WIF price is expected to note a surge after breaking out of the rising channel it is in given the meme coin is noting support from its investors. The post These Are the Chances of Dogwifhat (Wif) Price Seeing a 21% Rise appeared first on BeInCrypto.