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South Korean Authorities Are Considering 20% Tax on Crypto Gains
Coinspeaker South Korean Authorities Are Considering 20% Tax on Crypto GainsAccording to Korean experts, the government will now treat crypto trading gains as 'other income'. As a result, a 20% tax on such incomes may be introduced. дальше »
2020-1-21 12:40 | |
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South Korean Authorities Formulate Legislation to Boost Mainstream Bitcoin Adoption
South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report. дальше »
2020-1-8 18:00 | |
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South Korea Prepares to Draft Bitcoin Capital Gains Tax Guidelines
The South Korean government wants to tax capital gains on cryptocurrencies. This new decree has yet to be officially improved by the proper authorities. South Korean news outlet Korea Times claims the government wants to impose capital gains taxes on virtual currencies, including bitcoin. дальше »
2019-12-10 01:00 | |
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South Korea: Government Mulling Taxing Cryptocurrency Capital Gains
The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019. South Korean Authorities Taming the Crypto Conundrum In their short history, cryptocurrencies haven’t exactly been able to earn the trust of a large number of financial watchdogsRead MoreRead More. дальше »
2019-12-9 18:00 | |
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ICONLOOP launches blockchain-based certificate issuance service
CryptoNinjas ICONLOOP, the South Korean blockchain network, announced today the release of ‘broof’ a blockchain-based certificate issuance service. Based on the ICON public blockchain network, ‘broof’ supports certificate issuance, storage, and prevention of falsification. дальше »
2019-5-30 15:23 | |
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Korean Regulators Vow to Keep Exchanges in Check Amid Bitcoin Spring
While the surge in bitcoin and altcoin prices has ushered in another wave of excitement into the cryptospace, South Korean authorities remain focused on managing local expectations surrounding the industry. дальше »
2019-5-29 15:00 | |
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Infographic: An Overview of Compromised Bitcoin Exchange Events
The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2. дальше »
2019-5-25 21:56 | |
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Illegal crypto-mining: Australian man could face 10 years in jail for illegally mining cryptocurrencies using government devices
An unnamed man from Killara in New South Wales, Australia, is being charged by the Australian authorities for making use of government computer systems to mine cryptocurrencies for self-gain. The man, formerly an Australian government employee, worked as an IT contractor and has been accused of converting government computers into cryptocurrency mining devices. дальше »
2019-5-21 19:30 | |
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24 Countries and IMF Discuss Global Standards of Crypto Regulation
Twenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation. дальше »
2019-4-29 12:22 | |
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South Korea Will Reportedly Re-evaluate Existing Regulatory Frameworks for Cryptos
Coinspeaker South Korea Will Reportedly Re-evaluate Existing Regulatory Frameworks for CryptosSouth Korean authorities will re-evaluate the existing crypto rules with a view to support the growth and development of the crypto industry. дальше »
2019-4-5 12:07 | |
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Patriots Owner’s ‘Graphic’ Sex Tape Could Be Released to Peeping Tom Public
Robert Kraft’s graphic sex tape — where he’s caught on video receiving oral sex at a Florida massage parlor — will probably be released publicly. That’s what Florida authorities said one day after the billionaire New England Patriots owner filed a motion to keep the police surveillance videos kept under seal. дальше »
2019-3-22 23:59 | |
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Employee Embezzlement Forces South Korea’s Coinbin Crypto Exchange to Call it Quits
Coinbin, a leading South Korean digital assets exchange and cryptocurrency trading venue, has filed for bankruptcy with the Korean authorities, claiming that an employee has stolen a whopping 29. 3 billion won (about $26 million) from its coffers, according to a local news source, Business Korea on February 22, 2019. дальше »
2019-2-26 22:00 | |
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Why South Korea Had to Ban Crypto ICOs and Risk Losing Multi-Billion Dollar Opportunities
This week, the government of South Korea officially decided to maintain its existing blanket ban on domestic initial coin offerings (ICO) in a move that could benefit other major crypto markets in Asia. дальше »
2019-2-4 05:15 | |
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South Korea: Authorities Nab Nine People for Dealing Drugs Using DarkCoin Cryptocurrency
According to a report published by Finance Magnates, on December 25, 2018, South Korean authorities have arrested nine cybercriminals for orchestrating drug deals using cryptocurrencies. Execute Illegal Transactions with DarkCoin On December 23, 2018, the Seoul Central District Prosecutors’ Office stated that the criminals arrested used the darknet and even set up their website to facilitate the trade of drugs. дальше »
2018-12-26 20:00 | |
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South Korean Drug Dealers Arrested After Receiving Payments In DarkCoin Privacy Crypto Token
Drug Dealers In South Korea Arrested After Receiving Payments In Crypto Drug dealers in South Korea have been arrested by local authorities after selling drugs online and accepting virtual currencies as payment. дальше »
2018-12-26 19:28 | |
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UpBit Crypto Exchange Executives Indicted for Market Manipulation
South Korea’s largest cryptocurrency exchange, UpBit, faces criminal charges after top executives were formally indicted by the country’s legal prosecutors, as reported by Business Korea on December 21, 2018. дальше »
2018-12-23 02:16 | |
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Upbit Denies Cryptocurrency Wash Trading Accusations
South Korean authorities recently alleged that top executives of cryptocurrency exchange company, Upbit, falsified the company’s trading volume. Company Inflates Trading Volume by $226 billion Three top Executives of Upbit, one of South Korea’s largest cryptocurrency exchange, were recently accused of inflating the company’s trading volumes and manipulating the data system to attract investors, according to a report by The Korea Times. дальше »
2018-12-22 11:03 | |
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South Africa to Update, Review Old National Payment System, Cryptos Can Be Positively Affected
The financial authorities of South Africa are now looking for comments on a proposed policy that could enact changes that would offer more regulatory certainty in the country. This happened soon after the South African Reserve Bank (SARB) and the National Treasury decided to overhaul the current system that is being used in the country, […] дальше »
2018-12-7 17:41 | |
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South Korea’s Financial Regulator Unveils Taxation Plans for Cryptocurrency and ICOs
CoinSpeaker South Korea’s Financial Regulator Unveils Taxation Plans for Cryptocurrency and ICOsSouth Korea’s financial authorities are actively working on preparing new taxation plans to introduce taxes on crypto trading and ICOs. дальше »
2018-12-4 14:56 | |
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South Korea’s Minister Of Economy And Finance Looks At New ICO Crypto Tax Implementations
The financial authorities of South Korea, most specifically from the Ministry of Finances, have declared that they are currently considering to create a cryptocurrency tax. The idea was announced by the active minister, Hong Nam-Ki. дальше »
2018-12-4 07:19 | |
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Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)
Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U. дальше »
2018-11-23 00:52 | |
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Korean Exchange Terminating After Regulator Crackdown
Cryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date. дальше »
2018-11-11 10:10 | |
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Brazil Tax Authority Orders Crypto Exchanges to Provide Monthly Reports
Brazil’s tax regulator, the Department of Federal Revenue, is requiring local cryptocurrency exchanges to report their operations on a monthly basis in order to verify tax compliance and improve the country’s fight against money laundering and corruption. дальше »
2018-11-4 00:30 | |
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South Korea to Take Final Decision on ICOs in November, Says Top-level Official
South Korean authorities continue discussing the possibility of reallowing ICOs within the country. The final decision is going to be revealed in November 2018. The post South Korea to Take Final Decision on ICOs in November, Says Top-level Official appeared first on CoinSpeaker. дальше »
2018-10-11 21:41 | |
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Philippines to deport fugitives to South Korea for $33M Bitcoin scam
Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run. дальше »
2018-10-4 16:35 | |
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South Korea Excludes Crypto Exchanges from Venture Firm Certification, Tax Rate Increases 100 Percent
Cryptocurrency exchanges in South Korea faced the dreaded government hammer last week, as the authorities decided to exclude the burgeoning business type from the country’s “Venture Company” certification, reported Business Korea on Oct. дальше »
2018-10-1 19:00 | |
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Boomstarter.Network Shares Insights From Top Asian Crypto Markets
A New Blockchain Hub in South Korea Boomstarter. Network team is back from a big roadshow in Asia which included South Korea and Hong Kong and featured private meetups with funds, blockchain influencers and crypto-community. дальше »
2018-9-26 16:15 | |
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Two South Korean cryptocurrency exchanges to suspend fiat withdrawals for unverified traders
Attempts of South Korean authorities to fight anonymous trading in the cryptocurrency market have not yet been crowned with success. But the new initiative of the largest crypto exchanges can force traders to pass verification. дальше »
2018-9-19 15:16 | |
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Did Traders Throw Caution to the Wind in China Amid Crypto Ban?
Enthusiastic traders are mocking the crypto ban in China. Despite the authorities launching several attacks on the cryptocurrency sector, digital currencies still survive in the country. A South China Morning Post report suggests that trade is not just active in the country but also thriving right beneath the rule of law. дальше »
2018-9-12 19:10 | |
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Blockchain-Verified Evidence Now Admissible in Chinese Courts Following Supreme Court Decision
The South China Morning Post on September 10, 2018, reported that where China has traditionally been dependent on third-party notary organizations for authenticating evidence, blockchain records are now admissible in Chinese courts as authorities set up one of the world’s most advanced resolution systems for internet-related disputes. дальше »
2018-9-11 19:00 | |
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South Korea Begins Training Citizens to Lead its Distributed Ledger Technology (DLT) Ecosystem
South Korean authorities are collaborating with the Walton Blockchain Research Institute to make 42 people proficient in Blockchain technology and get immediate employment in the country, as first reported by local news source Kinews on August 3, 2018. дальше »
2018-9-5 15:00 | |
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China’s Biggest Tech Companies Join Anticrypto Cause
Baidu, Alibaba and Tencent have decided to clamp down on cryptocurrency-related activities on their platforms. According to an article in the South China Morning Post (SCMP) published on Aug 27, these Chinese companies may have taken these measures to align with the strict stance taken by Chinese authorities. дальше »
2018-8-28 18:55 | |
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China Bans Crypto Events in Beijing, Blocks 124 Trading Platforms
Despite a nationwide crackdown on cryptocurrencies already in place, the Chinese government went one step further and passed a decree forbidding all crypto-related events in Beijing’s financial district. дальше »
2018-8-24 00:00 | |
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China to crack down on 124 offshore cryptocurrency exchanges
It appears that cryptocurrency businesses are on the Chinese authorities’ radar again. China is blocking access to the websites of 124 offshore cryptocurrency exchange desks in the country, South China Morning Post (SCMP) reported today. дальше »
2018-8-23 15:21 | |
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Russian Company Opens Country’s Largest Cryptocurrency Farm in Former Soviet Fertilizer Laboratory
A Russian company known as the Kriptoyunivers Center opened the nation’s largest cryptocurrency mining unit on Monday, August 20, 2018. According to the South China Morning Post, the mining farm is currently located in a former Soviet fertilizer-producing laboratory. дальше »
2018-8-22 14:00 | |
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BitConnect's Alleged Ringleader Arrested in India: Local Reports
Nearly eight months to the day after the ponzi scheme BitConnect exit scammed, the sins of the project have caught up to one of its figureheads. Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID). дальше »
2018-8-20 19:54 | |
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Three Chinese Men In Custody Over $87M Cryptocurrency Theft
Police in China has detained three men suspected of pulling the country’s biggest ever cryptocurrency heist — worth 600 million yuan ($87 million). Theft is China’s Biggest: Reports As multiple outlets report quoting local news publication Huashang News on August 19, authorities concluded an investigation spanning almost six months into three men who allegedly hacked a computer for Bitcoin and Ether. дальше »
2018-8-20 12:00 | |
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South Korean Authorities Raids Crypto Firm in Alleged Crypto Scam
A Local firm in South Korea, Shinil, was raided in the early hours of yesterday by authorities of the country due to an alleged crypto scam that saw the company promise investors the remains of a wrecked Russian ship, Dmitrii Donskoi, during the Russo-Japanese war in 1905. дальше »
2018-8-9 02:40 | |
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South Korean Shipwreck Probed for Potential ICO Scam
A possible ICO scam is under investigation in South Korea after a much-publicized shipwreck attracted the suspicions of local authorities. Sunken Treasures As reported by local outlet Korea Joongang Daily on August 1, 2018, Seoul-based Shinil Group is facing the heat as a critical figure in the scam. дальше »
2018-8-2 22:00 | |
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Korean Authorities Looking into Possible ShipWreck ICO Scam
The authorities in South Korea are working round the clock to unravel a possible crypto investment scam, involving Shinil Group, a Seoul-based firm, which allegedly offered to pay investors in gold, from a Russian ship that sank 113 years ago. дальше »
2018-8-1 18:20 | |
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South Carolina Regulators “Unban” ShipChain Blockchain Project
In a significant triumph for the ShipChain supply chain blockchain project, authorities in South Carolina have on July 26, 2018, vacated the cease-and-desist order hammered on the project earlier in May 2018. дальше »
2018-7-30 15:00 | |
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South Korean authorities to deprive cryptocurrency exchanges of tax benefits
The government of South Korea considers necessary to exclude cryptocurrency exchanges from the category of legal entities with tax privileges. The reason is insufficient added value of such business. дальше »
2018-7-31 14:41 | |
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