New Legislation Promises Improved Protection for South Korean Crypto Investors

2023-12-12 04:03

Explore the upcoming regulations from South Korea's Financial Supervisory Service (FSS) aimed at bolstering virtual asset investor security. The post New Legislation Promises Improved Protection for South Korean Crypto Investors appeared first on BeInCrypto.

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Источник: beincrypto.com

south crypto → Результатов: 126

Crypto.com Halts Its Launch in South Korea: Details

Crypto.com has postponed its foray into the burgeoning South Korean market due to regulatory issues

2024-4-23 16:51
south crypto korean burgeoning market issues regulatory

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Crypto Exchange VALR Obtains South African License

The Pantera-backed crypto exchange is among the first to receive regulatory approval in South Africa, alongside Luno and Zignaly.

2024-4-15 17:00
south crypto exchange approval regulatory africa alongside

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$85 Million Worth of Crypto Traded by South Korean Lawmaker

South Korea's political elite, led by Rep. Kim Nam-kuk, found to be key players on crypto market

2023-12-30 19:15
south crypto found nam-kuk kim market key

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South Korea: Assessing 2023's unique growth trends in the crypto market

Approximately 6 million South Koreans became crypto investors this year South Korean traders have a strong preference for altcoins and are less enthusiastic about major tokens South Korea haThe post South Korea: Assessing 2023's unique growth trends in the crypto market appeared first on AMBCrypto.

2023-10-27 19:00	News
south crypto korea market trends growth 2023

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South Korea takes a stern stand on crypto with this new directive

The regulator was aiming to align crypto reporting standards in line with traditional financial reporting. South Korea has passed laws around crypto regulations in recent months. The South KThe post South Korea takes a stern stand on crypto with this new directive appeared first on AMBCrypto.

2023-7-12 17:00	News
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South Korean lawmaker allegedly cashed out while legislating on crypto: Report

National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred.

2023-5-9 22:00	Cryptocurrencies
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Crypto.com expands in South Korea following key acquisitions

Crypto.com has obtained two licences in South Korea after acquiring two startups in the… The post Crypto.com expands in South Korea following key acquisitions appeared first on CoinJournal.

2022-8-8 11:21	South Korea
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ICOs are coming back following sweeping crypto reforms in South Korea

South Korea’s Presidential Transition Committee is proposing a crypto framework designed to foster the growth of the digital asset industry. The post ICOs are coming back following sweeping crypto reforms in South Korea appeared first on CryptoSlate.

2022-5-7 05:00	Regulation
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Op-Ed: South Korea’s new president aims to take crypto to the next level

The recent news that the incoming South Korean president is planning to boost the country’s crypto industry is welcome news, particularly in light of the economic power of South Korea not just regionally but also globally.

2022-4-25 09:00	Regulation
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Crypto tax rule will be decisive in South Korea’s upcoming election

South Korean presidential candidates have started calling for changes in the crypto tax rules… The post Crypto tax rule will be decisive in South Korea’s upcoming election appeared first on Coin Journal.

2021-10-18 15:46	USA
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Crypto Exchanges Distancing From South Korea Ahead of Stricter Regulations

South Korea is known to host significant crypto trading activity. South Koreans were among the major players during the 2017 crypto boom. The country accounts for less than 1% of the world’s population.

2021-8-18 18:00	South Korea
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69,000 Bitcoin worth $3.6 Billion Lost in South African Crypto Scam

It is suspected to be a money-laundering operation for international players. While South Africa’s FSCA is looking into Africrypt, they don't have jurisdiction as crypto assets are not legally considered financial products.

2021-6-24 18:51	cybersecurity
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South Africa to revise its stance on crypto amid surging retail interest

South Africa’s financial watchdogs are gearing up to introduce a crypto regulation framework in the country. A report unveiled this news on June 14, citing a position paper published by the South African Intergovernmental FinTech Working Group (IFWG) via the Crypto Assets Regulatory Working Group (CAR WG).

2021-6-15 18:48	Cryptocurrency
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South Africa to revise national policy position on cryptocurrency

Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies.

2021-6-15 12:38	South Africa
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South Koreans flock to crypto amid a heavy-handed regulation approach

With crypto demand skyrocketing in South Korea, the government is looking to regulate digital assets, and the local market is feeling the pressure.

2021-5-11 14:34	South Korea
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South Korea plans interagency crackdown on illegal crypto transactions

South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week.

2021-4-19 11:35	Crimes
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Study Finds South Koreans Aged 20-39 Mainly Invest up to $100 in Cryptocurrencies

South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments.

2021-3-31 09:30
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South Korea faces strict crypto regulation and fears of centralization

The growing cost of compliance in South Korea could push smaller crypto businesses out of the country.

2021-3-25 12:53	AML
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South Africa Unveils New Crypto Rules as Usage Soars Exponentially

The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.

2020-11-22 15:30
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South Korea Is Exploring New Crypto Tax Laws

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	Government
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South Korea Banking Giant Plans to Launch Crypto Custody Service

KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country.

2020-3-28 22:00	South Korea
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South Korean Lawmakers Greenlight Strict Crypto AML Bill

South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation.

2020-3-6 00:30	FATF
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South Korea Drafting Legislation To Tax Individual Crypto Profits

South Korea is working on legislation to tax crypto profits

2020-1-3 01:06	South Korea
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South Africa: The Next Frontier for Crypto Exchanges

How the fast-growing South Africa could become the continent’s crypto leader?

2019-9-26 19:07	South Africa
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South Africa’s SAFCOIN Cryptocurrency Launches Cancer Awareness Crypto Pink Friday

SAFCOIN, a South Africa-based cryptocurrency, in association with the Cancer Association of South Africa (CANSA) has kick-started the first-ever Crypto Pink Friday drive in order to raise awareness about breast and cervical cancer.

2019-8-31 01:00	South Africa
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South Korea Regulator to Support Proposed Crypto Exchange Regulation

The chairperson of the South Korean Financial Services Commission (FSC) has stated that he is in favour of a proposed reporting system for crypto exchanges operating in the nation. The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and other financial crimes.

2019-8-28 23:00	South Korea
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South Korean banks spearhead blockchain adoption

South Korea is a global crypto hot spot and its citizens are some of the most enthusiastic crypto traders in the world. The technology-focused country continues to adopt blockchain solutions with South Korea’s largest bank Kookin the latest to announce a new crypto initiative.

2019-6-19 22:30	BNC insights
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South Korean Exchanges Announce Joint AML Initiative

South Korea has overcome last year’s cumbersome relationship with crypto trading as a result of its lack of clarity and consensus at different levels of government on the legal status of these activities.

2019-1-26 17:06	South Korea
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South Africa’s Reserve Bank Releases Consultation Paper on Crypto Assets

South Africa’s Reserve Bank (SARB) has taken a step forward in forming regulation for the crypto space, releasing a… The post South Africa’s Reserve Bank Releases Consultation Paper on Crypto Assets appeared first on Invest In Blockchain.

2019-1-23 08:50	South Africa
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South African Reserve Bank: Crypto Asset Friendly, but Bitcoin Is Not Money

South Africa’s reserve bank released a consultation paper that includes favorable recommendations and guidelines for the crypto asset industry in the country. However, the agency is not looking to treat Bitcoin and other digital currencies as ‘currency.

2019-1-23 01:28
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South African Reserve Bank Begins To Plan Crypto Regulations

Goldilocks found porridge that was just right. The SARB looks to do the same with South Africa's treatment of crypto asset providers.

2019-1-18 22:10	law and legislation
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South Korean Govt Speeds up Legalising Crypto Market Bill

As the cryptocurrency industry reels under pressure due to the high number of crypto crimes and continued security threats, the Regulators urged the government of South Korea to bring in new legislation at the earliest.

2018-7-27 22:12	South Korea
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South Korea Further Advances Crypto Regulation

South Korea’s Financial Services Commission has revealed its new anti-money-laundering and know-your-customer rules for for crypto exchanges. The post South Korea Further Advances Crypto Regulation appeared first on CoinSpeaker.

2018-6-29 21:32
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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country.

2018-6-29 16:55	Virtual Currency
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Its Stance on Crypto To Become Blockchain Haven South Korea Reviews

Brief history of crypto regulation in South Korea South Korea has been closely regulating the crypto industry. The demand for crypto was so high that cryptocurrencies were traded at prices more than 30 percent higher than in other countries.

2018-6-29 16:34
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All the ways you lose your Bitcoin – Bloomberg

Not Really Your FaultPhone Porting Pretty basic: Scammers hijack people’s mobile accounts by calling their carriers and impersonating them. The thieves get their victims’ numbers transferred to new devices and ultimately gain access to crypto accounts.

2018-6-29 14:02
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South Korea Reviews Its Stance on Crypto To Become Blockchain Haven

To approach the fourth industrial revolution, South Korea has to drop that ICO ban

2018-6-29 13:47	Regulation
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A New Yearly Low Looms as Crypto Markets Continue Bleeding

FOMO Moments Crypto land is in pain; Bitcoin Cash, EOS, Cardano and Monero are all hurting. The downward pressure has continued as the week draws to a close with markets plummeting further again today.

2018-6-29 08:04
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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.

2018-6-29 04:55	XRP
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South Korean Financial Watchdog Releases Stricter AML Guidelines for Virtual Currencies

South Korea’s Financial Services Commission released new AML guidelines that require crypto exchanges to conduct proper customer ID due diligence

2018-6-29 21:55	Cryptocurrency Exchange
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31 mln to 17mln is what crypto bithumb reduces hack loss estimation to!

Hacked South Korea crypto exchange Bithumb has lowered the estimated amount of money lost in the hack from 35 billion won (about $31 million) to 19 billion won (about $17 million), according to a support announcement Thursday, June 28.

2018-6-28 18:23	South Korea
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How to retrieved $14 million hacked cryptos

As previously reported by CoinDesk, Bithumb, one of the largest crypto exchanges in South Korea and the world by trading volume, was hacked on June 20 – an event that saw 35 billion Korean won ($31 million) in various cryptocurrencies stolen.

2018-6-28 16:50	XRP
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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 […]

2018-6-27 17:00	South Korea
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Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts

Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.

2018-6-27 12:40	Republished
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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

2018-6-27 00:48	South Korea
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Korea's Exchange Hacks: What the Country's Crypto Scene Is Saying

Koreans have been up in arms on social media ever since two popular South Korean crypto exchanges were hacked only weeks a part from each other.

2018-6-26 20:35
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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.

2018-6-26 19:06	South Korea
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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.

2018-6-26 16:30	Exchanges
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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.

2018-6-26 15:30	Cryptocoins
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Notcoin to Reward 500,000 Users: 5% of Total Token Supply Set for Distribution

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Coinbase vs. SEC: Clash Over Howey Test Intensifies

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2023-12-12 04:03

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