2024-10-25 08:42 |
South Korea’s finance minister, Choi Sang-Mok, said the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime. origin »
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South Korean authorities will impose regulations on cross-border crypto transactions, requiring businesses to register and report from mid-2025. South Korea plans to implement regulations governing cross-border transactions of virtual assets, including cryptocurrencies, with new registration and reporting requirements set to…
2024-10-25 10:48 | |
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South Korea’s government has outlined plans to impose foreign exchange regulations on cross-border stablecoin transactions, addressing the rising use of these digital currencies in international trade, local media reported on Oct.
2024-10-8 19:47 | |
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Cryptocurrencies can enhance gaming with fast transactions and privacy benefits Legal ambiguities in South Africa restrict crypto betting despite market growth Global adoption of crypto in gaming is also facing challenges due to volatility and regulation.
2024-8-13 19:24 | |
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South Korea's nominee for FSC chair, Kim Byoung-hwan, expressed caution about corporate crypto transactions, signaling opposition to spot Bitcoin ETFs.
2024-7-23 17:42 | |
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South Korean prosecutors have found new evidence alleging that Terra founder Do Kwon conspired with former Chai CEO Shin Hyun-Sung to deceive investors with fake transactions. Terraform Labs co-founder Kwon Do-Hyeong, a central figure in the collapse of the Terra…
2024-6-18 11:08 | |
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BRICS member nations plan to launch a stablecoin as an alternative to the US dollar for settling cross-border transactions. BRICS pushes de-dollarization with stablecoins The bloc, which includes Brazil, Russia, China, India, South Africa, UAE, Iran, Ethiopia, and Egypt, has debated using virtual assets for global settlement for a while.
2024-4-24 21:48 | |
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Korea’s National Tax Service wants to develop a new management system to monitor crypto transactions and combat illegal activities, targeting completion by 2025. South Korea‘s National Tax Service has initiated preliminary consultations with a consulting firm to develop a new…
2024-3-11 12:27 | |
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South Korean authorities have reported a notable increase in suspicious cryptocurrency transaction reports in 2023.
2024-2-15 17:56 | |
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South Korea’s financial regulator, the Financial Services Commission (FSC) recently proposed a new amendment to the Credit Finance Act, which will introduce significant restrictions on the use of credit cards for cryptocurrency.
2024-1-4 15:06 | |
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Daily trading volumes on South Korean exchanges have hit their highest point since August last year, with altcoins dominating the transactions, according to data from blockchain analytical firm Kaiko.
2023-11-18 22:40 | |
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Regulators expressed concern over North Korean actors using OTC for illicit foreign exchange transactions Amount of illicit foreign exchange transactions through crypto was worth $4 billion lasThe post South Korea shifts focus to OTC crypto-regulations appeared first on AMBCrypto.
2023-9-18 19:30 | |
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According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year.
2023-9-19 12:53 | |
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South Korean National Assembly member Kim Nam-kuk narrowly avoided expulsion over allegations related to cryptocurrency transactions.
2023-8-30 14:33 | |
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Crypto related transactions have put a South Korean lawmaker under scrutiny, leading to potential disciplinary actions as an advisory panel of the country’s parliamentary ethics committee set a meeting for Monday.
2023-6-26 16:40 | |
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Haru Invest, a South Korean interest-bearing crypto platform, said on June 13 that it has halted deposits and user withdrawals. User access to funds suspended Haru said that it was necessary to halt transactions in order to protect investors following a business error.
2023-6-14 00:34 | |
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South Korean prosecutors are probing crypto exchanges UpBit and Bithumb as part of the investigations into the transactions of lawmaker Kim Nam-kuk. Local media reported that the Seoul Southern District Prosecutor’s Office had seized Kim’s account information from the two exchanges to check his transaction history and funding source.
2023-5-15 17:52 | |
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There’s a rumor of a conflict of interest around the South Korean opposition lawmaker Kim Nam-Kuk over crypto transactions. The growing domestic outrage alleged that Kim liquidated over $4 million worth of crypto assets before the lawmakers would enforce the Financial Action Task Force Travel Rule.
2023-5-10 00:00 | |
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Kim Nam-Kuk, a South Korean lawmaker, is under investigation after claims that he withdrew 800,000 WEMIX tokens during questionable crypto transactions. A series of cryptocurrency transactions by a legislator from an opposition party has been submitted to local prosecutors by…
2023-5-8 16:03 | |
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The South Korean crypto exchange GDAC was compromised on Sunday. GDAC is widely recognized for token-to-token transactions. The breach resulted in the theft of 23% of the exchange's assets.
2023-4-11 19:22 | |
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A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America.
2023-3-22 14:59 | |
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Korean and Hong Kong Customs administrations have struck a partnership to help curtail illegal foreign transactions that are carried out through digital assets.
2023-2-17 21:03 | |
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The country will start off using a third-party system while it develops its own software.
2023-1-30 13:33 | |
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The South Korean Ministry of Justice disclosed intentions to create a crypto tracking system to combat the flow of dirty money and other related financial transactions and to reclaim cash associated with criminal conduct.
2023-1-30 11:53 | |
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The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance.
2023-1-30 10:37 | |
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South Korean prosecutors are investigating transactions related to a specific person or entity moving the price of a certain coin to make a profit.
2023-1-27 13:27 | |
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The leading South Korean cryptocurrency exchange has added support for fiat transactions with Shiba Inu (SHIB)
2023-1-19 09:36 | |
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According to a recent source, the Woori Bank headquarters was the scene of a “search and seizure” by the Daegu District Prosecutor’s Office’s Anti-Corruption Investigation Department.
2022-9-22 14:42 | |
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South Korea's financial watchdog found that since June there have been $7.2 billion abnormal foreign exchange transactions, most of which were transferred through cryptocurrency exchanges, Bloomberg reported on Thursday.
2022-9-22 12:13 | |
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More than $283 million of the $2 billion in crypto transactions were reportedly facilitated through illegal remittance agencies.
2022-9-1 23:15 | |
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South Korean customs authorities on Tuesday arrested 16 people involved in illegal foregin exchange transactions, according to a report by local outlet Newsis.
2022-8-31 18:52 | |
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As part of a tax reform program, the government of the South American country also plans to impose limits on cash transactions.
2022-8-18 18:34 | |
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Authorities are reportedly investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments.
2022-8-11 15:51 | |
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Financial watchdogs in South Korea are checking commercial banks' foreign exchange transactions for the illegitimate use of cryptocurrencies. An unnamed Financial Supervisory Service official said The post South Korea: The LUNA investigation is leading the FSC to check... appeared first on AMBCrypto.
2022-7-22 21:30 | |
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The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.
2022-6-17 19:05 | |
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If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry.
2021-11-17 09:05 | |
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South Korea has been witnessing a surge in the use of cryptocurrencies in illegal foreign exchange transactions. While the uptrend was witnessed after the onset of Covid-19, local reports suggest thatThe post Rise in illegal crypto transactions, as efforts for stricter regulations ramp up in South Korea appeared first on AMBCrypto.
2021-10-4 21:00 | |
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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.
2021-9-2 08:05 | |
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Regulators around the world are cautious about the rise of cryptocurrencies. South Korean authorities are not an exception. The Governor of Bank of Korea, Lee Ju-Yeol, stated that Bitcoin “has no intrinsic value.
2021-8-19 04:00 | |
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Seol’s Central Customs is currently investigating 33 people allegedly in the illegal overseas cryptocurrency transactions of 1. 69 million won (USD 1. 48 billion) in South Korea. According to the report, the individuals were caught during a pan-governmental investigation.
2021-7-9 19:09 | |
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More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions.
2021-7-8 14:26 | |
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Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1. 69 trillion won ($1. 48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today.
2021-7-8 07:00 | |
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Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of […]
2021-6-29 07:30 | |
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Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto investment company, it concedes it has only “found evidence of crypto-asset transactions.
2021-6-25 15:00 | |
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According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds.
2021-6-19 20:30 | |
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The government of South Korea is planning to impose a 20% tax on gains from cryptocurrency transactions. The plan is to impose this law starting next year, with the same reiterated by the government oThe post South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead appeared first on AMBCrypto.
2021-5-29 13:30 | |
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Beginning in the 2022 tax year, stock and bond investors will be taxed on capital gains that are over 50 million won, or $45,000. The post South Korea to Impose 20% Income Tax on Crypto Transactions appeared first on BeInCrypto.
2021-5-29 22:15 | |
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South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system.
2021-5-15 05:00 | |
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The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions.
2021-4-22 03:30 | |
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The South Korean financial authorities are tightening up regulations in a bid to combat illegal transactions and money laundering. The post South Koreans to Face Tougher Crypto Laws to As Regulators Tackle Cases of Money Laundering first appeared on BitcoinExchangeGuide.
2021-4-21 23:51 | |
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Investigation centers on claims that Bithumb helped a former CEO finance an apartment
Trading volumes on Korean exchanges Bithumb and Upbit have dropped significantly in the past week, indicating a drop in retail trading activity.
VIRTUAL is the native token of the AI launchpad Virtuals Protocol, a Base-native that recently expanded to Solana.
Lotte’s Caliverse, an AI-driven entertainment experience, is coming to the layer-2 network, allowing web3 users to pay for services with crypto.
BTC price performance is slowly making market observers more bullish on Bitcoin on short timeframes.
A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.