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Launch of CBDCs will Lower Bitcoin Demand, Says Bank of Korea Governor

The Korean Central Bank Governor believes the rise of CBDC will reduce demand for bitcoin (BTC) and other cryptocurrencies. CBDCs Could Hamper Bitcoin Demand In a rather interesting remark, Lee Ju-yeol, the Governor of the Bank of Korea recently state that the demand for bitcoin and other similar cryptocurrencies could dwindle once sovereign CBDCs areRead More дальше »

2021-3-27 15:00


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Bitcoin SV (BSV) gets listed on Korean community exchange

South Korea’s largest community crypto exchange, Bitribe, recently decided to list a new coin — Bitcoin SV (BSV). The coin is currently live on the platform and available for trade. Bitcoin SV sees launch on Korea’s largest community exchange According to its recent announcement, Bitribe has added support for Bitcoin SV against two other cryptocurrencies — Bitcoin (BTC) itself, and Tether (USDT). дальше »

2020-9-24 13:45


South Korea to Implement 20% Income Tax on Crypto Gains After Finalizing on New Tax Code

South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […] дальше »

2020-7-22 18:59


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South Korea Levying Crypto Tax Will Stifle Industrial Growth, Say Economists

Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the view of leading South Korean economists in response to the Ministry of Economy and Finance’s tax office proposal to levy a 20 percent taxRead MoreRead More. дальше »

2020-6-22 21:00


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Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India

The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more than 800 delegates discussed crypto regulations. дальше »

2020-3-10 05:00


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South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards

South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF). дальше »

2020-3-8 20:38


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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


South Korea's Presidential Commission recommends government join the crypto-space

China will soon be unveiling its state-backed cryptocurrency and it has left no stones unturned in publicizing it. However, looking at the few nations embracing blockchain and cryptocurrencies, the SoThe post South Korea's Presidential Commission recommends government join the crypto-space appeared first on AMBCrypto. дальше »

2020-1-6 13:02


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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


South Korea’s SK Group Set To Launch A Donation Blockchain With Two Native Cryptocurrencies

Two tokens set to be launched by the third largest Korean conglomerate, SK Group, after local dailies report the development of a business blockchain. The conglomerate will launch the Social Value Coin (SVC) and the Social Value Power (SVP) Local reports from South Korea confirm that SK Group, one of the largest conglomerates is planning […] дальше »

2019-8-10 20:13


North Korea exploiting apertures in crypto-space to steal cryptocurrencies, claims FBI Deputy Assistant Director

United States jurisdiction body recently said that North Korean hackers were deeply involved in carrying out well-planned cyber attacks associated with cryptocurrencies. These attacks were carried out on the world’s strongest economy at large-scale to slow down the economic growth. дальше »

2019-6-1 20:00


Samsung Preps Crypto Integration in Samsung Pay Wallet to Millions Globally

By CCN: According to Business Korea, a mainstream media outlet in South Korea, Samsung Electronics is preparing the integration of crypto assets into Samsung Pay. Samsung Pay reportedly accounts for around 80 percent of the market share of the simple payment market and the integration of crypto assets is expected to increase the mainstream adoption of the asset class. дальше »

2019-5-25 16:09


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Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64. дальше »

2019-4-23 21:15