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South Koreans flock to crypto amid a heavy-handed regulation approach
With crypto demand skyrocketing in South Korea, the government is looking to regulate digital assets, and the local market is feeling the pressure. дальше »
2021-5-11 14:34
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Digital Currency Group Makes Strategic Investment in South Korean Cryptocurrency Exchange Operator Streami
DCG previously participated in Streami’s pre-series A round in 2016 South Korean blockchain company… The post Digital Currency Group Makes Strategic Investment in South Korean Cryptocurrency Exchange Operator Streami appeared first on Coin Journal. дальше »
2021-5-8 12:17
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South Korea’s Upcoming Crypto Tax Law Inevitable, Says Finance Minister
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 дальше »
2021-4-28 23:00
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South Korean Prime Minister nominee to look into controversial crypto tax law
South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.
дальше »2021-4-27 12:38
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Opposition to Crypto Tax Plans Gaining Momentum in South Korea
The South Korean government has seen a swell in opposition towards plans to levy taxes next year against crypto trading. The post Opposition to Crypto Tax Plans Gaining Momentum in South Korea appeared first on BeInCrypto. дальше »
2021-4-24 11:03
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Bank of Korea Governor Says Crypto as a Payment Option is Limited
The Governor of the Bank of Korea (BOK) Lee Ju-yeol opined that adopting cryptocurrency as a means of payment came with limitations. The statement comes as company behemoths are including crypto as a payment option on their platforms. дальше »
2021-4-17 13:00
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South Korea: After Sending Bitcoin Price to $71k, Kimchi Premium Begins to Nosedive
The price of bitcoin (BTC) briefly touched $71,000 at 5:55 a. m. UTC on South Korea’s Upbit crypto exchange. However, things have started to cool down as the price of bitcoin (BTC) has failed to maintain its bullish push. дальше »
2021-4-8 17:01
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Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish
Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3. дальше »
2021-4-7 13:06
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Bitcoin’s “Kimchi Premium” Hits 15 Percent
The so-called “Kimchi premium,” or bitcoin price difference in South Korea, has hit 15 percent. дальше »
2021-4-6 22:20
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Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?
Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?
дальше »2021-4-4 16:00
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Japan Set To Implement FATF Travel Rule for Crypto By 2022
Japan is set to tighten up cryptocurrency laws by implementing the Financial Action Task Force (FATF) travel rule. According to the Financial Services Agency (FSA), this will help tackle money laundering in the Asian country. дальше »
2021-4-2 13:00
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South Korea to Unveil Blockchain-Based COVID-19 Vaccine Passports
The South Korean Government has announced plans to launch a distributed ledger technology (DLT) powered COVID-19 certification system. The system will make the verification of the vaccination status of residents possible via a smartphone app, according to a report by The Korea Herald on April 1, 2021. дальше »
2021-4-1 17:00
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Bank of Korea Governor Says CBDCs Will Shrink Demand for Bitcoin
It seems that a wave of CBDCs will be upon the crypto world soon. China is actively rolling out its digital yuan, France is testing the digital euro, and calls for the United States to begin work on a digital dollar grow louder by the day. дальше »
2021-3-27 18:58
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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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Enjin and GameTalkTalk to Release Sustainable NFTs
The post Enjin and GameTalkTalk to Release Sustainable NFTs appeared first on BeInCrypto.
дальше »2021-3-24 02:00
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OKEx to Cease Operations in South Korea
The post OKEx to Cease Operations in South Korea appeared first on BeInCrypto.
дальше »2021-3-24 19:26
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Crypto Exchange OKEx Is Shutting Down In South Korea
OKEx cryptocurrency exchange has said it will terminate its South Korea-based business, following the introduction of an updated Anti-Money-laundering (AML) in the country. The exchange’s spokesperson said OKEX chose to resign rather than try to fight the tough regulatory regime which would make it impossible to continue operating in South Korea. “OKEx Korea service has […] дальше »
2021-3-24 16:53
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Report all crypto transactions or face 5-year jail term in South Korea
Strict reporting rules for crypto businesses in South Korea are set to come into effect, with existing firms given six months to comply or face stiff penalties. дальше »
2021-3-17 11:58
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South Korea deepens probe on tax evasion via cryptocurrencies
South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments. дальше »
2021-3-15 12:18
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Penta Security Taps Blockchain for Electric Vehicle Battery Data Collection
South Korea’s Penta Security has announced that it is using distributed ledger technology (DLT) for the collection, storage, and sharing of data related to electric vehicles (EV). The firm says it’s collaborating with AutoCrypt to develop a platform that will promote the safety, efficiency, and environmental friendliness of electric vehicles. Penta Making EVs Better withRead More дальше »
2021-3-13 02:00
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Exchanges in South Korea face huge fines for AML non-compliance
South Korea’s Financial Services Commission (FSC) announced yesterday it would be imposing penalties for… The post Exchanges in South Korea face huge fines for AML non-compliance appeared first on Coin Journal. дальше »
2021-3-12 14:32
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Korea’s Shinhan Bank Completes Digital Won CBDC Pilot
Shinhan Bank of South Korea has announced the completion of its central bank digital currency (CBDC) pilot. The project was carried out in conjunction with LG CNS and the team claims the pilot is in a bid to get the bank ready for the eventual launch of the nation’s digital won by the Bank ofRead More дальше »
2021-3-11 02:00
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South Korean Shinhan Bank pilots digital currency platform with LG CNS
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS.
дальше »2021-3-10 14:57
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Bank of Korea chief claims crypto assets lack intrinsic value
The head of the Bank of Korea (BoK), Lee Ju-yeol, recently put forward the…
The post Bank of Korea chief claims crypto assets lack intrinsic value appeared first on Coin Journal.
дальше »2021-2-25 14:54
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South Korea’s Crypto Tax Law Coming in 2022
The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial crypto tax plan. According toRead More дальше »
2021-2-23 02:00
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South Korean Crypto Exchange Becomes the First Overseas Platform Legally Recognized in China
A South Korean cryptocurrency exchange announced it established its first legally recognized branch in China. Although the nation banned all local crypto trading services, DBX said the firm already obtained a license to go ahead with the operations. дальше »
2021-2-10 04:00
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Bank of Korea Plans to Test the Adoption of CBDCs
Korea’s apex bank has announced the pilot phase for its CBDC. According to a spokesperson, the BOK will begin conducting tests within a controlled environment. The spokesperson stated that this would ensure the new digital currency’s workability and safety. дальше »
2021-2-10 17:49
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South Korea: Central Bank Publishes Book on CBDC Legal Considerations
South Korea’s plans for its experimental central bank digital currency (CBDC) project also includes efforts to contribute to the expanding body of knowledge dedicated to sovereign digital currencies. дальше »
2021-2-9 02:00
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Japanese Pop Star Talks About Her Facet as Crypto Investor — J-Pop Band Releases NFT Trading Cards
Asian showbiz stars have been actively speaking about cryptocurrencies on major broadcasting networks. The Japanese pop sphere is not lagging behind, as one of its stars was featured in an interview talking about cryptos. дальше »
2021-2-4 01:30
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South Korean gaming conglomerate Nexon denies plans to acquire Bithumb
Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million.
дальше »2021-1-11 12:51
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Gaming Conglomerate Nexon Plans to Acquire Bithumb for $460 million
Nexon Group, a multi-billion dollar gaming conglomerate based in South Korea, is reportedly preparing to acquire Bithumb, the country’s largest cryptocurrency exchange, for a price tag of close to $500 million. дальше »
2021-1-8 06:45
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South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up […] дальше »
2021-1-8 04:30
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South Korean Gaming Conglomerate to Purchase Bithumb for $460M
South Korean agency Maekyung broke the news, stating that Nexon and Bithumb have officially signed a memorandum of understanding (MOU) to kickstart the process The deal will result in Nexon acquiring a ~65% stake in the Bithumb exchange. дальше »
2021-1-7 17:58
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Blockchain Adoption in South Korea’s Health Sector on the Rise Amid COVID-19
South Korea’s healthcare sector is seeing an increase in blockchain adoption as practitioners pivot towards virtual contact with patients amid the ongoing coronavirus pandemic. From the handling of clinical research data to patient information, the novel tech is experiencing utilization in South Korea as stakeholders prioritize privacy and efficiency within the industry. дальше »
2020-12-16 20:00
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South Korea Postpones 20% Crypto Tax Policy to 2022
South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting. дальше »
2020-12-2 00:00
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South Korea’s Telecoms Giant to Launch Online Mall Powered by Busan’s Crypto
KT Corporation is launching an online mall dubbed Dongbaek Mall. The Mall will adopt Busan City’s blockchain-based digital currency, Dongbaekjeon as its primary medium of exchange, according to reports on November 26, 2020. дальше »
2020-11-27 07:00
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South Korean Lawmakers to Delay Cryptocurrency Tax Rule Implementation Till 2022
The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […] дальше »
2020-11-26 00:23
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South Korea: Crypto Tax Law Might Be Postponed Until 2022
South Korea’s National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country’s cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the country. дальше »
2020-11-25 16:30
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South Korea May Postpone Cryptocurrency Tax Enforcement Until 2022
South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021. дальше »
2020-11-25 13:20
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Huobi Plans Takeover of Major Japanese and South Korean Crypto Exchanges
Huobi, China’s largest crypto trading desk Huobi is reportedly pursuing an aggressive globalization agenda that involves the acquisition of major crypto exchanges across Asia. Huobi Eyes bitFlyer and Bithumb Acquisition According to an exclusive report by Chinese crypto news source @WuBlockchain, Huobi is set to purchase major Asian crypto exchanges bitFlyer and Bithumb. дальше »
2020-11-18 00:00
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South Korean Regulators to Bar Crypto Exchanges from Handling Privacy Coins
From March 2021, cryptocurrency exchanges and virtual currency providers in South Korea will be barred from handling “dark” coins and assets that heighten money laundering risks, the country’s main regulator, the Financial Services Commission (FSC), in a notice on Nov 3, said. дальше »
2020-11-5 20:59
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South Korea Lawmakers Mull New Crypto Legislation
South Korea’s National Assembly is working with industry stakeholders to draft a “Virtual Asset Business Law. ” With the country falling behind the likes of China in the emerging digital economy, South Korean lawmakers and blockchain industry insiders are working to create clear-cut regulations for digital assets. дальше »
2020-10-8 18:57
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Bank of Korea to Test CBDC Distribution in 2021
With phase one of its central bank digital currency (CBDC) experiment complete, the Bank of Korea (BOK) is looking forward to testing the token distribution system in 2021. Despite the ongoing CBDC trials, South Korea’s central bank says it is not looking to launch a sovereign digital currency. дальше »
2020-10-7 14:34
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South Korea's digital won to begin distribution phase next year
The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch.
дальше »2020-10-8 14:19
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S. Korea’s Major Crypto Exchange Bithumb Up for Sale Again, Report
The owners of Bithumb are reportedly looking to sell the cryptocurrency exchange once again. The asking price is believed to be at least 500 billion won (around $430 million). Bithumb was last up for sale in 2018. дальше »
2020-9-23 20:21
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Bithumb Raided by Korean Police as Fraud Investigation Continues
Authorities in Seoul have reportedly raided the offices of Bithumb, the largest cryptocurrency exchange in South Korea. According to local news outlet Seoul Shinmun, a special crime unit at the Seoul Metropolitan Police Agency conducted a search and seizure operation at Bithumb’s headquarters in the Gangnam District on Sept 2. дальше »
2020-9-2 15:19
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South Korea Steady in Their CBDC Plans, Searching for a Local Consulting Partner
The central bank of South Korea, the Bank of Korea, is moving towards the technical phase in their concerted effort to pilot a central bank digital currency (CBDC)–the digital won, and will pick a consulting partner a month after completing the review of the first phase reports The Korea Times on Aug 31. дальше »
2020-9-1 13:00
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Bank of Korea Set to Select CBDC Pilot Program Consulting Partner
South Korea’s central bank has disclosed details for a proposed consulting partnership as part of its second stage of preparation for launching a central bank digital currency (CBDC). According to the Bank of Korea (BOK), the desired consulting partner will be a local firm that will help the BOK build the architecture for the proposed […] The post Bank of Korea Set to Select CBDC Pilot Program Consulting Partner appeared first on BeInCrypto. дальше »
2020-9-1 10:00
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