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South Korea prepares further crypto legislation focused on asset issuance, stablecoin regulation
South Korea’s financial authorities are preparing for the second phase of virtual asset legislation to regulate various aspects of the country’s crypto market, local media ChosunBiz reported on June 5. дальше »
2023-7-5 13:55 | |
How Will South Korea’s New Digital Asset Regulations Affect Crypto Companies?
South Korea's National Assembly has passed its first standalone legislation for digital assets, the Virtual Asset User Protection Act, which establishes safeguards for crypto traders and users, and mandates supervision of virtual asset services providers. дальше »
2023-7-4 11:12 | |
South Korea Pioneers Crypto User Protection with Significant Legislation
In a landmark move, South Korea has passed a significant piece of legislation aimed at safeguarding users in the rapidly evolving cryptocurrency sector. The Virtual Asset User Protection Act, approved by the National Assembly, is set to revolutionize the crypto landscape in the country. дальше »
2023-7-3 14:19 | |
Haru Invest Fallout Spreads As Revix Withholds 24% of Crypto Asset Balance
South African crypto investment company Revix has announced it will be withholding 24% of customers’ crypto balances. This comes in the wake of one of its partners, Haru Invest, unexpectedly suspending all deposits and withdrawals on its platform. дальше »
2023-6-30 22:00 | |
South Korea passes new crypto legislation focusing on investor protections
The South Korean National Assembly passed the Virtual Asset User Protection Act on June 30 during a plenary session, local media SBS reported. The legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities. дальше »
2023-6-30 21:50 | |
Haru Invest execs grounded in South Korea amid fraud suspicions
South Korean prosecutors have barred Haru Investment executives from traveling out of the country following criminal complaints of “serial suspending withdrawals” fraud, according to a Digital Asset June 25 report. дальше »
2023-6-26 13:00 | |
Top 4 Crypto Events to Attend in Asia in 2023
Over the past decade, cryptocurrency has gained significant traction globally, and Asia has been no exception. As a result, the Asian market has emerged as a pivotal player in the digital asset landscape, with countries like China, South Korea, and Japan leading the charge. дальше »
2023-6-15 18:44 | |
Experts Tip China To Get Bullish on Crypto, Says New Digital Asset Framework In Hong Kong Is “Testnet” For China
Hong Kong is on its way to regaining its lost status as the crypto hub of South East Asia with a detailed strategy that will potentially spin into China. дальше »2023-5-28 18:54 | |
XRP Surpasses Bitcoin As the Most Traded Crypto Asset in Korean Crypto Exchanges Upbit and Bithumb
In a surprising turn of events, XRP, the native cryptocurrency of the Ripple network, has overtaken Bitcoin (BTC) as the most traded asset on the largest South Korean cryptocurrency exchanges by trading volume, Upbit and Bithumb. дальше »
2023-5-24 15:20 | |
Real-World Assets Lending Protocol Under Development in Korea
Asset tokenization grows in South Korea as banks seek safer ways to engage with crypto. The post Real-World Assets Lending Protocol Under Development in Korea appeared first on BeInCrypto. дальше »
2023-5-4 13:26 | |
Korean Exchanges Delist OMG Network (OMG) and Serum (SRM) Amid Functionality Concerns
OMG Network (OMG) and Serum (SRM) will be jointly delisted from South Korean exchanges that are a part of the digital asset exchange body. The post Korean Exchanges Delist OMG Network (OMG) and Serum (SRM) Amid Functionality Concerns appeared first on BeInCrypto. дальше »
2023-4-12 12:30 | |
South Korean Crypto Exchange GDAC Temporarily Suspends Deposits and Withdrawals after $14M Hack
Coinspeaker South Korean Crypto Exchange GDAC Temporarily Suspends Deposits and Withdrawals after $14M Hack The GDAC hot wallet hack occurred on April 9 when the perpetrator transferred the asset to unidentified crypto addresses. дальше »
2023-4-11 13:03 | |
Klaytn Blockchain to focus on demand and value of KLAY token in 2023: roadmap
Klaytn is a public blockchain platform developed by South Korean internet giant Kakao Corp. The blockchain plans on establishing KLAY as a deflationary asset. It also wants to provide more tools for developers who want to launch products on the network. дальше »
2023-3-1 17:45 | |
South Korea Issues Guidelines on Security Tokens Ahead of New Regulation
Coinspeaker South Korea Issues Guidelines on Security Tokens Ahead of New Regulation The government of South Korea is very open to crypto as an asset class. South Korea Issues Guidelines on Security Tokens Ahead of New Regulation дальше »
2023-2-6 13:51 | |
Binance re-enters South Korea acquiring Gopax crypto exchange
Binance, the largest provider of digital asset trading platforms, has bought a majority share in the ailing South Korean crypto exchange Gopax, entering a sector it left two years ago. Large stake agreement’s terms are not made public The chief… дальше »
2023-2-3 15:46 | |
Crypto Exchange Binance To Launch Prepaid Card In This South American Country
Per a Reuters report, crypto exchange Binance will launch a popular product in Brazil, one of the most dynamic regions for the nascent asset class. The crypto exchange will roll out prepaid cards for its users in the country. дальше »
2023-1-31 17:44 | |
South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?
The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act. дальше »
2023-1-27 21:00 | |
Samsung Bitcoin ETF Goes Live in Hong Kong
South Korean electronics giant, Samsung, will launch a Bitcoin Exchange-Traded Fund (ETF), opening up the possibility for exposure to Bitcoin in one of Asia’s biggest markets. The company’s asset management arm is looking to track the spot price of Bitcoin as it floats an ETF investment opportunity rooted in both Bitcoin and micro-bitcoin futures of […] дальше »
2023-1-14 10:39 | |
South Korea City Drops Exchange Partners In A Surprising Turn Of Events
South Korea’s crypto-crazed city, Busan, announced its steering committee for building its flagship digital asset exchange. However, in a surprising turn of events, it has dropped third-party crypto exchanges that had earlier partnered with the city on the initiative. дальше »
2022-12-21 06:00 | |
South Korean exchanges to delist Wemade’s native token WEMIX
South Korea’s top 5 crypto exchanges have announced the delisting of Wemade’s native token, WEMIX, despite the gaming company’s assurances regarding the token’s distribution. WEMIX token delisted by top Korean exchanges Members of the Digital Asset Exchange Alliance (DAXA), which… дальше »
2022-11-25 02:15 | |
Cardano heads further south amid stablecoin launch. What holds for the token next?
The first stablecoin on Cardano (ADA/USD) has been launched. The USD-based stablecoin, iUSD, was launched by the decentralised synthetic asset issuance protocol, Indigo. The launch of iUSD comes two months after Cardano’s hard fork that allowed the building of dApps on the blockchain. дальше »
2022-11-23 20:27 | |
ARGOS ID presents the World’s First Travel Rule Solution for Unhosted Wallets
Seoul, South Korea, 14th November, 2022, Chainwire ARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage. дальше »
2022-11-14 10:52 | |
South Korean regulators aim to toughen crypto fraud punishments
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023.
дальше »2022-11-1 12:55 | |
South Africa Recognizes Cryptocurrencies as Financial Products
South Africa’s Financial Sector Conduct Authority (FSCA) has declared crypto assets as “financial products”, setting up the pace for the inclusion of the asset class under the country’s regulatory purview. дальше »
2022-10-22 14:58 | |
Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’
Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported September 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s capital-markets law […] The post Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’ appeared first on CryptoSlate. дальше »
2022-9-29 00:46 | |
South Korea Issues a Warrant of Arrest for Do Kwon, CEO’s Assets Frozen
After the warrant for CEO Kwon Do-arrest was issued in September, he abruptly transferred approximately 3313 BTC (Bitcoin) to two overseas virtual asset exchanges. дальше »
2022-9-28 06:00 | |
Do Kwon Issued Red Notice From International Police After $60 Billion Crypto Wipeout Mess
International Police (Interpol) has issued a red notice on Do Kwon, Terra Labs co-founder, according to the information given by South Korean law enforcement officers. South Korea says Do Kwon is to blame for the $60 Billion digital asset wipeout… дальше »
2022-9-26 13:50 | |
LG Electronics Set to Launch Digital Asset Wallet Called Wallypto
A South Korean technology company, LG Electronics, has applied for a patent registration for its newly invented digital asset wallet code-named Wallypto which is currently being beta tested to limit system errors and crashes. дальше »
2022-9-3 23:30 | |
Bitcoin Price Below Psychological Level $22,000; Is The Next Stop At $17,000?
Bitcoin price over the last 24 hours moved south on its four-hour chart. Very recently Bitcoin had rose above the $20,000 price mark but the bears failed to hold the asset at that price mark. In the last 24 hours, the coin was mostly consolidating on its chart. дальше »
2022-8-31 04:00 | |
South Korean financial majors want to create virtual assets exchange in 2023: Report
Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange. дальше »
2022-8-23 23:59 | |
South Korea: Crypto-airdrops might soon be subject to Gift Tax
According to a report by South Korean news agency Yonhap News, virtual asset transfers for free are subject to gift tax. This, as per the guidance of the Ministry of Strategy & Finance in the couThe post South Korea: Crypto-airdrops might soon be subject to Gift Tax appeared first on AMBCrypto. дальше »
2022-8-22 16:25 | |
South Korea mulls gift tax on airdrops, staking rewards, and hard-forked tokens
Despite postponing crypto gains tax to 2025, the South Korean Ministry of Strategy and Finance has today declared that virtual asset airdrops, hard forked tokens, and staking rewards will be subject to a gift tax under the Inheritance and Gift Tax Act. дальше »
2022-8-23 14:20 | |
16 Crypto Platforms Face Suspension in South Korea Amid Crackdown
The Korea Financial Intelligence Unit (KoFIU) said that it has alerted the investigating authority about the illegal business activities of 16 unregistered Virtual Asset Service Providers (VASPs) operating in South Korea. дальше »
2022-8-19 22:00 | |
Task Force to Expedite Review of South Korean Virtual Asset Bills
South Korea’s top financial regulator has assigned a task force to “expedite the review process of bills on virtual assets,” said its chairman Kim Joo-hyun. The post Task Force to Expedite Review of South Korean Virtual Asset Bills appeared first on BeInCrypto. дальше »
2022-8-12 18:00 | |
What Do We Know About The Crypto.com Expansion Into South Korea
Crypto. com is one of the world’s fastest growing digital asset trading platform. It has recently spoken about its acquisitions in South Korea which would help in Crypto. com’s South Korea expansion plan. дальше »
2022-8-9 04:00 | |
Crypto.com secures South Korea regulatory licenses with key acquisitions
Crypto. com has announced expansion into South Korea via the acquisition of two locally registered firms – the payments provider PnLink Co. and virtual asset platform OK-BIT Co. With the deals, Crypto. дальше »
2022-8-9 12:40 | |
Korean crypto exchange KODA to use Uppsala to boost AML and threat detection
Uppsala, a blockchain security service provider for crypto AML/CTF, transaction risk management, regulatory compliance, and transaction tracking, has announced today that it has signed a contract to supply digital asset AML solutions to KODA (Korea Digital Asset), a South Korean crypto exchange. дальше »
2022-8-2 04:01 | |
South African Central Bank to Look at Regulating Crypto
South African Reserve Bank (SARB) Deputy Governor Kuben Naidoo has said "our view has changed" from five or six years ago when there was "no intent on regulating this from a currency point of view" to regarding crypto "as a financial asset that we hope to regulate." дальше »
2022-7-14 19:56 | |