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South Korean legislators agree to delay taxation of cryptocurrency capital gains
Recurring regulatory hurdles over the past year have had a deep impact on South Korea's booming cryptocurrency industry. Many exchanges and businesses have had to shut shop in the country. Another souThe post South Korean legislators agree to delay taxation of cryptocurrency capital gains appeared first on AMBCrypto. дальше »
2021-11-29 21:30 | |
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South Korean deputy PM says continued crypto volatility is a major concern
South Korean Deputy Prime Minister, Hong Ham-ki, recently spoke about the cryptocurrency industry, with a particular focus on the CBDCs, noting that a central bank digital currency could act as a cryptocurrency if implemented. дальше »
2021-6-30 15:19 | |
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South Korean Court Sets Compensation Precedent for Cryptocurrency Exchanges
A recent ruling by a court in South Korea could see cryptocurrency exchanges held responsible for compensating hack victims. The post South Korean Court Sets Compensation Precedent for Cryptocurrency Exchanges appeared first on Bitcoin Magazine. дальше »
2019-10-3 21:54 | |
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South Korean government officials consider making cryptocurrency, blockchain regulations laxer
The cryptocurrency world has been pushing its limit to educate people about blockchain and cryptocurrency globally. South Korea was one of the countries to adopt the new tech, but framed strong regulations to keep the field from the illicit players. дальше »
2019-4-6 19:30 | |
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South Korea Denies Cryptocurrency Exchanges From Venture Firm Certification
Although the South Korean Government is keen to improve blockchain regulations, they do not express the same sentiment towards the cryptocurrency industry. According to an article published by Business Korea on October 1, 2018, the South Korean Government decided to deny cryptocurrency exchanges from venture firm certification, which will lead to an increase in taxes for these companies. дальше »
2018-10-3 23:00 | |
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South American Country Peru Sees Growth In Cryptocurrency Trading Volumes
Cryptocurrency Gains Ground In Peru – Report Shows South American countries have stepped up their game in recent times. The Latinos, as they are popularly referred to, have embraced the use of cryptocurrencies due to several reasons that dab around the standard of living to the accelerated rate of development of science and technology, among […] дальше »
2018-8-6 16:25 | |
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Lawmakers pushed to pass South Korea’s first Cryptocurrency Bill
Following a billions-worth heist of cryptocurrency exchanges, South Korea’s financial regulator urged lawmakers to pass the bill bringring exchanges under the FSC’s direct supervision. Over a month ago, two largest cryptocurrency exchanges, operating in South Korea became victims of infamous hackers’ attacks. дальше »
2018-7-28 23:10 | |
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South Korea’s Watchdog Hurries Lawmakers Pass the Country’s First Cryptocurrency Bill
Following a billions-worth heist of cryptocurrency exchanges, South Korea’s financial regulator urged lawmakers to pass the bill bringring exchanges under the FSC’s direct supervision. The post South Korea’s Watchdog Hurries Lawmakers Pass the Country’s First Cryptocurrency Bill appeared first on CoinSpeaker. дальше »
2018-7-27 15:50 | |
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Binance Exchange Looks Set to Enter the Cryptocurrency Market in South Korea
Binance appears to be keen on entering the South Korean cryptocurrency market. The top-ranked cryptocurrency exchange platform based on trading volume has announced plans to establish about three to five enterprises in the country by the end of 2018. дальше »
2018-7-26 09:12 | |
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South Korea Moving Towards Cryptocurrency Acceptance
South Korea is continuing to legitimize and embrace cryptocurrency through a careful and considered approach. ‘The regulator isn’t opposed to cryptocurrencies’ On May 19, Bitcoinist reported that Korean regulators had agreed to apply the G20’s set of “unified regulations” in regards to cryptocurrencies. дальше »
2018-7-8 06:00 | |
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South Africa Sees Increased in Cryptocurrency Transactions
South Africa, the continent’s second-largest economy, continues to experience a cryptocurrency boom despite the price downturns experienced in the market so far in 2018. As a result, many South Africans have increased their focus on cryptocurrency with a particular interest in Bitcoin. дальше »
2018-7-8 05:01 | |
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Cryptocurrency Continues to Thrive in South Africa
The popularity of cryptocurrency is not just restricted to Europe, Asia, and North America. South Africa, the continent’s second-largest economy, continues to experience a cryptocurrency boom despite the price downturns experienced in the market so far in 2018. дальше »
2018-7-8 03:00 | |
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Korea Will Fuel the Development of dApps and Base Blockchain Layers Like Ethereum, EOS and NEO
Local publications reported that the government of South Korea finalized plans to legitimize the cryptocurrency exchange market and the blockchain sector with a newly created regulatory framework. дальше »
2018-7-7 23:00 | |
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South Korea Likely to Unwind Cryptocurrency Rules to Coordinate with the G20 Directives
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. дальше »
2018-7-7 11:48 | |
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South Korea Likely to Relax Cryptocurrency Rules to Cooperate with the G20 Directives
The SEC said that it has made revisions to its rules to apply strengthened policies in order to prevent or detect money laundering and illegal activities because they aren't opposed to cryptocurrencies. дальше »
2018-7-7 10:23 | |
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South Korea Admits Crypto Exchanges Being Regulated Financial Institutions
From now on the cryptocurrency exchanges of South Korea form a new industry named “Cryptocurrency Exchange and Brokerage” able to operate at a large capacity with full government support. The post South Korea Admits Crypto Exchanges Being Regulated Financial Institutions appeared first on CoinSpeaker. дальше »
2018-7-7 20:52 | |
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Off ‘Communications Vendors’: South Korea Admits Crypto Exchanges Being Regulated Financial Institutions
From now on the cryptocurrency exchanges of South Korea form a new industry named “Cryptocurrency Exchange and Brokerage” able to operate at a large capacity with full government support. The post Off ‘Communications Vendors’: South Korea Admits Crypto Exchanges Being Regulated Financial Institutions appeared first on CoinSpeaker. дальше »
2018-7-6 20:52 | |
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South Korea Recognizes Crypto Exchanges With Launch of Blockchain Classification System
South Korea has taken another step towards the legitimization of cryptocurrency with the announcement of a new regulatory initiative that will see blockchain platforms and businesses governed by a new classification system. дальше »
2018-7-6 09:00 | |
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South Korea is Drafting New Blockchain Industry Classification Standards
South Korea Announces New Classification Standards for The Blockchain Industry and Legitimizes It It seems like the battle for legitimacy that the blockchain and cryptocurrency industry is facing in South Korea seems to be near its end. дальше »
2018-7-5 23:18 | |
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Cryptocurrency Exchanges Are Officially Recognized By South Korea
South Korea has moved to recognize cryptocurrency exchanges as legal entities in their own right for the first time, cementing their position in the local economy. Increasing Official Status The move marks a further step forward in South Korea’s increasing legitimization of cryptocurrency. дальше »
2018-7-5 17:51 | |
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South Korea Officially Recognizes Cryptocurrency Exchanges
South Korea has moved to recognize cryptocurrency exchanges as legal entities in their own right for the first time, cementing their position in the local economy. Unveiling ‘Cryptoasset Exchanges And Brokerages’ As local news outlet The B-Chain reports, new “classification” of Blockchain-related industries means exchanges are now considered “cryptoasset exchanges and brokerages. дальше »
2018-7-5 15:00 | |
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South Asian Banking Ban dealine around the corner, causing Zebpay exchange to stop.
One of India’s largest exchanges Zebpay announced it was freezing Indian rupee deposits and withdrawals July 4, a day before a controversial bank ban on cryptocurrency businesses comes into effect. “INR deposits and withdrawals have been paused in the Zebpay app until banks allow us again,” an update to the original warning reads. On Tuesday, дальше »
2018-7-5 21:00 | |
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Biggest Mileage System in Korea OKCashBag With 35 Million Users Will Use Cryptocurrency
OKCashBag, the biggest mileage and membership system in South Korea operated by SK – the country’s largest telecommunications conglomerate– is preparing to integrate major digital assets to incentivize users with cryptocurrency. дальше »
2018-7-3 18:00 | |
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Korea’s oldest mileage scheme can change money points to Kryptos
The company behind OK Cashbag, the oldest and most popular mileage point program in South Korea, is mulling a plan to convert cash points accumulated by its users into cryptocurrency. In an interview with CoinDesk Korea, SK Planet said a plan to introduce a blockchain system to tokenize cash points has been shared with the дальше »
2018-7-3 13:49 | |
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Korea's Oldest Mileage Program May Convert Cash Points to Crypto
The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency. дальше »
2018-7-3 12:00 | |
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South Korea Sets up Cryptocurrency Regulations
The Financial Services Commission of South Korea has announced new cryptocurrency rules which will put the country on the world map. The new rules will allow better regulations in monitoring trading. дальше »
2018-7-2 15:58 | |
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South Korea Unveils New Supportive Crypto Regulations
The South Korean Financial Services Commission (FSC) had released a new regulatory framework and Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines for cryptocurrency exchanges in the country. дальше »
2018-7-1 14:49 | |
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Bithumb Finally Disclose Full Details Of Recent Hack
Bithumb, the South Korean cryptocurrency exchange are no strangers to being hacked. With this in mind, they have developed quite the approach for dealing with the hacks, so I guess in this respect, at least they are now quite experienced in dealing with their customers best interests in the wake of such events. дальше »
2018-7-1 11:00 | |
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Bithumb Reports Recovery of $14 Million in Stolen Cryptocurrency
Bithumb has announced the recovery of $14 million out of the $31. 5 million stolen during the June 20 hack. The South Korea-based cryptocurrency exchange made this fact known via a blog post on its website on June 28, 2018. дальше »
2018-7-1 22:55 | |
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BTCC CEO Bobby Lee: Investors in China are Still Trading Crypto Even After Bitcoin Ban
At the Blockchain Open Forum in Seoul, South Korea, China’s first crypto exchange BTCC CEO Bobby Lee said that investors in China are still trading cryptocurrencies even after the Chinese government imposed a ban on crypto trading in September 2017. дальше »
2018-6-30 14:00 | |
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Bitcoin ATM to Make Crypto-Cash Exchanges Easier for South African Investors
South Africa is by far one of the friendliest countries in the world when it comes to cryptocurrency trading. As more and more South Africans are willing to dive into the rapidly expanding homegrown digital asset market, the country is all set to get a fully functional Bitcoin ATM. дальше »
2018-6-29 10:59 | |
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Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers
South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency. дальше »
2018-6-29 04:55 | |
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Korea Financial Regulator: Kimchi Premium is Gone, Cryptocurrency Market is Now Stable
Kim Yong-bum, the Vice Chairman of the Financial Services Commission and one of the main financial regulators in South Korea, expressed optimism towards the cryptocurrency market and the disappearance of the “Kimchi Premium” which exceeded 30% at the cryptocurrency market’s peak in December 2017. дальше »
2018-6-29 21:00 | |
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DOJ, U.S. Agencies Seize Over $12M Bitcoin in a Slew of Dark Web Busts
The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust. дальше »
2018-6-27 20:26 | |
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Contradictory Reports Emerge on Crypto Taxation in South Korea
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 […] дальше »
2018-6-27 17:00 | |
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Cryptos Are Neither Currencies nor Securities, SARB Deputy Governor Says
Francois E. Groepe, deputy governor of the South African Reserve Bank (SARB), said that it does not consider digital coins securities or currencies. He suggested that SARB does not prefer to use the term “cryptocurrency. дальше »
2018-6-27 16:19 | |
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What Koreas Crypto scene is saying
At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies. If that wasn’t enough, on June 20, Bithumb – South Korea’s largest by trade volume – also announced a major security breach in which $31 million was reported to be lost. No strangers to дальше »
2018-6-27 00:48 | |
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South Korean Insurers Wary of Cryptocurrency exchanges
Insurance companies in South Korea are not very forthcoming in providing insurance for crypto exchanges in the country. Despite being the nation with the most prolific cryptocurrency users, exchanges and thriving digital assets business, insurance companies in South Korea are wary of providing coverage for Crypto Exchanges. дальше »
2018-6-26 19:06 | |
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The Next South Korean Cryptocurrency Exchange Tangled In Security Drama
Is it me, or has ‘South Korea’ become a byword for ‘poor cryptocurrency exchange security’? It seems that of late, cryptocurrency exchanges in South Korea are surrounded by security issues that are seeing very large-scale hacks take place, hacks that have allowed for the theft of tens of millions of USD worth of crypto-assets. дальше »
2018-6-26 16:30 | |
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Jersey Need To Consider This Before It Can Become The Crypto Capital Of Europe
Recently, we are seeing more and more news from Jersey, a British island situated off the south coast of England, wedged between northern France in the English Channel. Quite an idyllic location by all accounts, not that I’ve been myself. дальше »
2018-6-26 15:30 | |
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South Korea’s Ministry of Finance Says 10 Percent Crypto Tax Not True
South Korea finally responded to recent rumors stating that it will impose a 10 percent tax on cryptocurrency trading profits. According to a recent report, the country’s Ministry of Finance had already denied the existence of such a taxation scheme. дальше »
2018-6-26 14:49 | |
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Exchange Leak Puts $620K-Worth of Customer Crypto at Risk
A new exchange from South Korea leaked critical information about 19 of its users, potentially putting some $620,000 worth of cryptocurrency at risk. дальше »
2018-6-26 09:00 | |
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South Korean Cryptocurrency Exchanges Struggle To Find Insurers
Due to recent security breaches and thefts among some large-scale cryptocurrency exchange platforms, the need for exchange insurance is booming. Many insurance companies, however, are hesitant to take the risk — citing their distrust in current security measures. дальше »
2018-6-26 03:00 | |
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Bithumb Expects Actual Losses to Be Lower, Promises Reimbursement to Affected Clients
Earlier this week, the cryptocurrency community was once again dumbfounded when millions of dollars worth of digital coins went missing as hackers successfully breached Bithumb, which is South Korea’s biggest crypto exchange. дальше »
2018-6-25 19:42 | |
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Brian Kelly & Charlie Lee “Bitcoin Is Still Bullish”
Despite the recent hack on Bithumb, in which over $30 million worth of cryptocurrencies was culminated by the hackers, Brian Kelly and Charlie Lee remain ‘bullish’ on Bitcoin. This week, the South Korean exchange, one of the largest cryptocurrency exchanges, Bithumb was hacked which led to the theft of $31 million virtual currency’s. дальше »
2018-6-24 22:30 | |
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