South Korea | ForkLog

ForkLog 13 11.10.2021

South Korea’s opposition urges delay to cryptocurrency taxation

Representatives of the People Power Party in South Korea have drafted a proposal to defer the introduction of a capital gains tax on cryptocurrency trades. The Korea Herald reports this.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 35 04.10.2021

Upbit to halt service for unverified users

South Korean cryptocurrency exchange Upbit announced restrictions for unverified users, with service subsequently being discontinued.

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ForkLog 15 04.10.2021

South Korean authorities report rise in illicit cryptocurrency operations

From January through August 2021, the value of illicit currency operations using digital assets in South Korea reached 812.2 billion won (~$687 million). Yonhap News reports, citing the customs service.

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ForkLog 15 01.10.2021

South Korea sticks to plans to tax bitcoin traders from 2022

The government of South Korea fended off an attempt by lawmakers to delay for a year the introduction of a capital gains tax on cryptocurrency trades, according to CoinDesk Korea.

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ForkLog 25 26.09.2021

Investors value Upbit operator at $10 billion

The operator of the Upbit cryptocurrency exchange, the South Korean company Dunamu, raised about $85 million in financing. Following the round, its valuation exceeded $10 billion.

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ForkLog 14 17.09.2021

Upbit becomes South Korea’s first cryptocurrency exchange to receive regulator approval

The Upbit platform became the first cryptocurrency exchange in South Korea to receive approval from the Financial Services Commission.

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ForkLog 13 17.09.2021

South Korea Proposes Delaying Capital Gains Tax on Crypto Traders

The ruling Democratic Party Toburo in South Korea intends to pass a law that would delay for one year the introduction of the capital gains tax on cryptocurrency transactions, according to local media.

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ForkLog 42 13.09.2021

Media: 40 of South Korea’s 60 crypto exchanges to close due to regulator’s requirements

After September 17, 40 out of roughly 60 cryptocurrency exchange operators in South Korea will cease operations due to FSC requirements. The Financial Times reports.

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ForkLog 13 06.09.2021

Korea’s largest financial group launches mutual fund focused on blockchain

KB Asset Management, the asset-management arm of South Korea’s KB Financial Group, launched a mutual fund focused on investments in blockchain companies.

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ForkLog 20 01.09.2021

BSN names first overseas portal operator

The company behind China's state Blockchain Service Network (BSN), Red Date Technology, announced the first portal operator outside the country. It was the South Korean startup MetaverseSociety.

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ForkLog 23 27.08.2021

South Korea fines Facebook for illegal collection of biometric data

The Privacy Information Protection Commission of South Korea (PIPC) fined Facebook 6.46 billion won ($5.5 million) for using and storing users' biometric data without proper authorization.

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ForkLog 20 16.08.2021

Samsung to test the digital won on its Galaxy smartphones

Samsung Electronics will participate in the Bank of Korea's project to create a pilot platform for the national digital currency (CBDC), The Korea Times reports.

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#South Korea