2021-11-30 04:36 |
The long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023 at the earliest.
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South Korea has been amidst a regulatory shake-up in the crypto sector. Meanwhile, the 1 January 2022 deadline for tax filings to include crypto earnings is soon approaching. It is a heated topic of dThe post How pop icons BTS made their way into the crypto tax debate in South Korea appeared first on AMBCrypto.
2021-10-31 23:30 | |
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The largest cryptocurrency exchange in South Korea has listed three new coins, including the popular decentralized finance (DeFi) coins AAVE and 1INCH. 1INCH and AAVE were made available in the Korean Won (KRW) market along with the BTC market, where support for another token MASK was provided on Wednesday.
2021-10-28 18:36 | |
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El Salvador made history on Tuesday as the Bitcoin Law came into effect, sanctioning the leading cryptocurrency as legal tender in the South American country. The post Protests in El Salvador intensify following the passing of the Bitcoin Law appeared first on CryptoSlate.
2021-9-11 19:00 | |
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Koh Seung-beom, the nominee for South Korea’s Financial Service Commission (FSC), said that he does not see cryptocurrencies as a financial asset. FSC Nominee Says Crypto Not a Financial Asset According to the Korean Times on Wednesday (August 25, 2021), Seung-beom made the statement while speaking with journalists. Seung-beom, who is a board member ofRead More
2021-8-26 04:00 | |
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South American nation, Paraguay, has proposed a bill that will legally recognize Bitcoin (BTC/USD) as its official currency. The move is coming after El Salvador made a similar proposal, making Bitcoin legally accepted for the payment of goods and services.
2021-6-27 11:55 | |
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Two South African brothers made away with nearly 69,000 Bitcoin earlier this year, hacking one ‘Africrypt,’ their own exchange platform, and bagging one of the biggest crypto heists in dollar terms ever.
2021-6-24 12:45 | |
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EZ Blockchain made its shift to an energy focus three years ago, and now demand is taking the company south to Texas.Recruiting has already begun in the Houston area...
2021-6-7 19:03 | |
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Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […]
2021-6-3 08:30 | |
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South Korea has made significant progress towards development of its digital currency.
2021-5-25 14:04 | |
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Regardless of the political turmoil that arose in South Korea due to the crypto-related regulations, a leading politician had come forward to reveal that he had made investments in virtual currencies publicly.
2021-5-22 01:30 | |
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CryptoNinjas » Digital Currency Group invests in South Korean crypto exchange company Streami South Korean blockchain company Streami, today announced that Digital Currency Group (DCG) has made an investment in the company, becoming its second-largest shareholder.
2021-5-7 19:18 | |
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South Korea’s Minister of Economy and Finance has stated that the upcoming tax on cryptocurrency trading gains proposed by the government is inevitable. South Korea Not Going Back on Crypto Tax Policy According to Reuters on Tuesday, (April 27, 2021), Hong Nam-ki made the statement at a news conference when asked if the crypto taxRead More
2021-4-28 23:00 | |
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With a blistering start to the year, cryptos have enjoyed the highs of what seemed like a never-ending bull run. Bitcoin, Ethereum, and other altcoins made headlines every day, surging far past their previous highs as institutions rushed to get their hands on the red-hot asset class.
2021-3-25 13:01 | |
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The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation.
2021-1-20 11:05 | |
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Coinspeaker Samsung Unveils Its Galaxy Note 20 and the Galaxy Z Fold 2, Shipments to Start by August 21The South Korea tech giant Samsung has made some big announcements including Galaxy Note 20, Note 20 Ultra and Galaxy Z Fold 2.
2020-8-6 14:21 | |
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The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announcement was made on the 22nd of July by the country’s Ministry of Strategy and Finance with a “2020 Tax […]
2020-7-23 10:15 | |
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South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.
2020-7-23 07:15 | |
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A local publication reported that South Korea’s Ministry of Strategy and Finance aims to introduce taxes for digital assets, with the rate expected to reach 20 percent. The announcement was made during the Financial Parliamentary committee meeting chaired by Minister Hong Nam-Ki on 17th July.
2020-6-18 22:22 | |
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The South Korean Ministry of Strategy and Finance is proposing a tax on profits from crypto-fiat transactions, reported a local news outlet. The proposition was made earlier this week which also includes the sale of the token through initial coin offerings (ICO) and crypto mining organizations.
2020-5-31 18:18 | |
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South Koreans cryptocurrency traders could soon find themselves busy doing taxes. According to a report by Decrypt published on May 30, 2020, the South Korean Ministry of Strategy and Finance has proposed taxing profits made via crypto-fiat transactions.
2020-5-31 17:07 | |
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IT experts believe that South Korean authorities could not track the crypto payments made from overseas exchanges
2020-5-7 23:33 | |
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On April 6, South Korea’s central bank has made the announcement that it started a pilot program for assessing the logistics of a central bank digital currency (CBDC). While the bank doesn’t plan to introduce a CBDC very soon, it still had created the pilot scheme to make sure that it’s prepared to do just […]
2020-4-7 19:01 | |
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In brief: The team at Binance has made 3 major announcements in less than 24 hours. Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). Secondly, the team launched a new OTC trading portal.
2020-4-2 13:07 | |
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The Government of South Korea has made yet another progressive move to support blockchain development after it announced $3.2 million funding to startups. This initiative is a collaboration of the country’s Ministry of Science & ICT (Information and Communications Technology) together with the National Institute of Information and Communication Industry Promotion (NIPA). According to a […]
2020-3-18 15:38 | |
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Bitso is a large crypto exchange based in Mexico and one that has made quite a big name in South America. In 2018, the exchange partnered with Ripple. With the partnership, Ripple has also brought MoneyGram onboard to operate in Mexico, having partnered with MoneyGram months ago.
2020-3-7 22:16 | |
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Renato Rodriguez – The South American Satoshi Often dubbed as ‘The South American Satoshi’, Renato Rodriguez has made strides in introducing digital currencies to every household of South America.
2020-3-5 17:58 | |
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Trying to corner local markets, the Malta-based crypto exchange Binance has added support for 15 more fiat currencies through the integration with Simplex. Gateways for currencies like the Korean won, the Swiss franc, the Polish zloty, the South African rand and the Australian dollar have been created and made available through the exchange’s fiat-to-crypto trading […]
2020-2-14 19:06 | |
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The South Korean government is making plans to implement a 20 percent crypto taxation policy on income and profits made from crypto trading and transactions. 20 Percent Crypto Tax Coming to South Korea According to reports from PulseNews, the South Korean government is making plans to implement a new crypto tax policy on gains fromRead MoreRead More.
2020-1-20 16:00 | |
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Upbit, one of the major crypto exchanges in South Korea, has restarted Ethereum (ETH) wallet services almost 2 months after being attacked by hackers for $49 million ETH. It has been officially made public that after an enhancement to its wallet security structure, Upbit is supporting deposits and withdrawals in ETH again. In a tweet from […]
2020-1-15 01:10 | |
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Crypto exchange giant Binance has made an investment in a South Korea-based startup and is preparing to launch a support center in the country. As reported by CoinDesk Korea, the exchange has taken a stake of 500 million won ($432,000) in BxB, the fintech firm that launched the Korean won (KRW) back in 2019. Aside […]
2020-1-15 22:20 | |
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Binance has made its first direct investment in a South Korean startup as part of a deal to launch a support center in the country.
2020-1-14 18:30 | |
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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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Karatbars International controversial KBC coin will no longer be getting attention from South Africa’s financial markets regulator, the Financial Sector Conduct Authority (FSCA). The regulator had earlier on issued a warning terming the KBC coin a ‘fraud’; German’s BaFin also made similar moves in response to Karatbars operations within its jurisdiction. FSCA Vs Karatbars International […]
2019-12-19 18:06 | |
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According to an announcement made by Bitcoin IRA, a federal judge of the South Dakota district court has ordered against Kingdom Trust Company, while also granting Bitcoin IRA's request for emergency The post Bitcoin IRA claims victory after court rules against Kingdom Trust appeared first on AMBCrypto.
2019-11-15 15:00 | |
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Crypto and fiat multi-currency accounts provider, Wirex has officially launched its travel Visa card as of Monday, November 11, 2019. Considering the fact that the firm focuses on establishing connections around the world with its services, the new travelcard will first be made present in the Asia-Pacific region, namely, Singapore, Taiwan, Hong Kong, South Korean, […]
2019-11-12 01:17 | |
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SEOUL, SOUTH KOREA – Bithumb Family successfully hosted their first Bithumb Family Conference in Seoul on November 6th, 2019. Bithumb Family as a concept made its debut at the event, as well as Bithumb Chain and the mechanism between the two.
2019-11-7 17:45 | |
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The blockchain market was full of good news from China last week. That was mainly after the president made a positive sentiment on the adoption of blockchain technology in the country. That information made the Chinese-based digital coins increase in price.
2019-10-29 21:05 | |
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Dunamu, the company which acts as the operator behind the popular crypto exchange Upbit, has recently affirmed that it would release a new app that could be used to trade unlisted securities in South Korea.
2019-10-19 23:05 | |
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A 23-year-old South Korean man is being accused of running the world’s “largest child sexual exploitation market,” which reportedly processed 7,300 Bitcoin transactions worth over $730,000. According to a criminal indictment unsealed today, the now-defunct English-language website known as “Welcome To Video,” featured over 250,000 child exploitation videos – approximately eight terabytes worth of horrific material.
2019-10-16 18:32 | |
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Seoul’s Southern District Court has ruled that the South Korean cryptocurrency exchange, CoinOne, is required to compensate users who have suffered losses due to hacked accounts that violate the withdrawal limit imposed by government policies.
2019-9-28 22:00 | |
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Dogecoin has fallen by a whopping 15% since yesterday, following the bigger market trend as the whole crypto industry made a sharp turn to the south. Let’s first see how does the chart of the overall market looks like: As you can see, market is struggling to hold the old support zone at $219 billions.
2019-9-25 12:00 | |
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According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More.
2019-9-17 19:00 | |
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The charity arm of Malta-based crypto exchange heavyweight Binance is launching a fundraising campaign for Hurricane Dorian victims. Donations will be accepted in Bitcoin, Binance Coin, and XRP.
2019-9-6 20:34 | |
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The company says that the process has been made significantly more efficient.
2019-8-27 17:00 | |
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Most people who came to Bitcoin early have made profits as it is one of the biggest growing assets in the past decade. However, Magda Wierzycka, the richest woman of South Africa doesn’t seem to be on board on the crypto train.
2019-8-25 17:51 | |
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The third-largest crypto exchange of South Korea, Coinone, has decided to create a set of criteria for the company that wants to let people trade their tokens on the platform. This decision was announced soon after the exchange made a partnership with CertiK, a local company that will now be responsible for security validation in […]
2019-8-16 01:16 | |
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As cryptocurrencies gain momentum day by day, Satoshi Nakamoto’s dream of a decentralized, digital currency catering to the needs of the common man seem to be coming true. Bitcoin and other digital coins have made their mark.
2019-8-14 12:42 | |
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August, 2019, Seoul, South Korea – The goal of The Human Plus team, the makers of HUPAYX, is creating a new global paradigm in blockchcain based everyday economy together with its alliance partners.
2019-8-5 06:07 | |
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A new survey made by Withers & Rogers brought up an interesting piece of information: South Korea is currently the country with the highest rate of approved blockchain patents in the whole world.
2019-7-24 19:23 | |
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The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.
Portuguese Tax Lawyer delves into Portugal’s updated Crypto Tax Law for 2023, shedding light on new tax exemptions, the treatment of crypto transactions and NFTs, and strategies like tax-loss harvesting that benefit crypto investors in Portugal.
Thailand plans to tax overseas income from crypto traders to fund its economic stimulus measures. The tax targets residents trading in foreign stock markets and cryptocurrency traders. The post Thailand Plans to Tax Overseas Income From Crypto Traders appeared first on BeInCrypto.
The US Internal Revenue Service (IRS) has declared earnings from cryptocurrency staking as taxable income, increasing scrutiny on the crypto market. The post Crypto Staking Rewards Classified as Taxable Income by IRS: What You Need to Know appeared first on BeInCrypto.
Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.
The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.
The parent company behind the crypto wallet MetaMask has debunked "inaccurate" rumors that it is collecting tax on crypto transactions.
Cryptocurrency traders and investors are highly unlikely to report their crypto holdings to the tax authorities, a recent research report from Divly has shown. The crypto tax automation platform found that the global crypto tax payment rate ranged from 0.