Authorities in South Korea seize $47 million in cryptocurrency over tax evasion
Officials in South Korea's Gyeonggi Province seized assets totaling $47 million in Bitcoin, Ethereum and other cryptocurrencies from 12,000 people who had evaded taxes.
Authorities in South Korea seize $47 million in cryptocurrency over tax evasion
Officials in South Korea's Gyeonggi Province seized assets totaling $47 million in Bitcoin, Ethereum and other cryptocurrencies from 12,000 people who had evaded taxes.
South Korean banks to assess viability of partnerships with cryptocurrency exchanges
South Korean banks are reevaluating partnerships with local cryptocurrency exchanges to determine whether such cooperation is worthwhile.
Huobi and Upbit delist several tokens to meet regulatory requirements
Eleven of South Korea's 20 cryptocurrency exchanges with information-security certificates issued warnings or suspended trading of tokens deemed 'too risky' by regulators, according to Arirang.
South Korea to ban cross-trading on Bitcoin exchanges
South Korea's Financial Services Commission will ban cross-trading on cryptocurrency exchanges. Newsis reports.
South Korean residents must disclose overseas cryptocurrency exchange accounts
South Korean residents must report assets held on overseas cryptocurrency exchanges as part of tax compliance. Forkast reports, citing the relevant agency.
South Korean banks report revenue growth amid crypto frenzy
In the first quarter of 2021, South Korean banks processed 64.2 trillion won (~$57.9 billion) in transactions on verified accounts linked to cryptocurrency exchanges, already exceeding the total for 2020.
Korbit launches South Korea’s first NFT marketplace
South Korea's cryptocurrency exchange Korbit launched an NFT platform on the Ethereum blockchain. According to Korea Herald, the NFT marketplace became the first in the country.
Korean central bank chief warns leveraged crypto trading threatens financial system
The governor of the Bank of Korea, Lee Ju-yeol, said that leveraged trading of digital assets threatens the country's financial system.
Study finds one in four South Korean students invest in Bitcoin
Twenty-three point six percent of South Korean students invested in cryptocurrencies, of whom sixty-eight point three percent experienced psychological strain due to volatility. The Alba Heaven recruitment agency reported these results, The Korea Times reports.
South Korea’s central bank begins search for technical partner to launch CBDC
The Bank of Korea began selecting a technical partner to launch the national digital currency (CBDC).We use cookies to improve the quality of our service.
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