South Africa to mandate crypto exchange licenses by end of 2023: Report

South Africa reportedly becomes the first country on the continent to require digital asset exchanges to be licensed.

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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.

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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.

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South Korea Passes Crypto Bill for User Protection

The bill marks the country's first step towards a digital asset legal framework.

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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.

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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.

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South Korean Passes New Crypto Legislation in the Wake of Terra

Over one year after the collapse of Do Kwons Terra empire, South Korea is taking decisive action. The government has passed a groundbreaking piece of legislation, the Virtual Asset User...

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XRP Beats Bitcoin (BTC) as Most Popular Asset on South Korea's Bithumb

XRP has surpassed Bitcoin in terms of trading volume on Bithumb

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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.

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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.

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Experts Tip China To Get Bullish on Crypto, Says New Digital Asset Framework In Hong Kong Is “Testnet” For China

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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.

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Shiba Inu Rival Listed on Major South Korean Exchange

FLOKI, meme-inspired cryptocurrency competitor of Shiba Inu, has made its entrance onto South Korean digital asset market with recent listing on Bithumb

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XRP Becomes Top Traded Asset on South Korea's Bithumb, Surpassing Bitcoin (BTC)

XRP also top traded asset on Upbit and Korbit

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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.

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South Korean parliament passes first phase of virtual asset bill

On April 25, the South Korean parliament’s National Policy Committee passed the first step of the country’s crypto bill, the Virtual Asset Investor Protection Act.

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Miami charging five people in HYDRO manipulation scheme

A South African citizen and two U.S. nationals are among the five individuals charged in Miami for manipulating the HYDRO virtual asset created by the Hydrogen Technology Corporation.

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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.

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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.

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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.

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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

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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…

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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.

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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.

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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 […]

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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.

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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…

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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.

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South Korea seizes $104M from Terra co-founder suspecting unfair profits

The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors.

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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.

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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.

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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.

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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.

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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.

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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…

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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South Korea Postpones 20% Crypto Tax to 2025

The government announced its 2022 Tax Reform Bill on Thursday, which states the planned virtual asset tax, already delayed by a year, will be postponed further.

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OKX Latest Exchange to Win Dubai Virtual Asset License

South Korea-based cryptocurrency exchange OKX has received a provisional virtual-asset license from authorities in Dubai. The post OKX Latest Exchange to Win Dubai Virtual Asset License appeared first on BeInCrypto.

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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."

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Bitcoin not a currency? South Africa to regulate crypto as financial asset

South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.

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