South Korea | ForkLog

ForkLog 22 22.03.2021

Naver Eyes Stake in Bitcoin Exchange Bithumb

The South Korean internet giant Naver has begun talks to acquire a stake in the cryptocurrency exchange Bithumb, according to Maeil Business Newspaper citing several unnamed sources.

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ForkLog 13 15.03.2021

South Korean miners face liability for illegal import of mining equipment

South Korea's customs reminded miners to declare imported Bitcoin-mining equipment as shipments rise. Kyungin Ilbo reports.

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ForkLog 19 10.03.2021

South Korea’s oldest bank develops blockchain platform for a CBDC

Shinhan Bank, in partnership with LG Corporation's IT division, has created a pilot blockchain-based platform for the national digital currency (CBDC) as part of preparations for its launch by the Bank of Korea, Yonhap reports.

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ForkLog 16 10.03.2021

South Korea’s financial regulator to revise fines regime for bitcoin exchanges

The Financial Services Commission of South Korea (FSC) proposed a new supervisory regime for virtual asset service providers (VASPs) in connection with the March 25, 2021, effective date of the amended Act on Reporting and Use of Financial Transaction Information.

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ForkLog 12 09.03.2021

Media: Bithumb to block users from high-risk jurisdictions

South Korean bitcoin exchange Bithumb has introduced new restrictions as part of its anti-money-laundering policy. The Korea Herald reports.

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ForkLog 38 01.03.2021

South Korea to impose capital gains tax on cryptocurrency trades from 2022

The Ministry of Economy and Finance of South Korea has determined the timing for the introduction of a capital gains tax on cryptocurrency transactions. The changes will take effect on 1 January 2022, The Korea Herald reports.

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ForkLog 18 11.02.2021

Bithumb to compensate customers for lost bitcoins at the 2018 rate

South Korean cryptocurrency exchange Bithumb must settle with clients who lost bitcoins due to a bug in the withdrawal process in 2018. The court made the decision, FnNews reports.

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ForkLog 11 03.02.2021

Major Korean conglomerate to acquire stake in Upbit cryptocurrency exchange

The Hanwha Group's brokerage arm, Hanwha Investment and Securities, has reached an agreement to purchase a 6.15% stake in Dumanu, the operator of the Upbit cryptocurrency exchange.

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ForkLog 16 19.01.2021

Former CEO of South Korean exchange jailed for 18 months over 110 BTC bribe

Former CEO of the now-defunct South Korean cryptocurrency exchange Coinnest was sentenced to 18 months in prison by the Supreme Court. He was found guilty of accepting 110 BTC as a bribe, according to Bitcoin.com citing local media.

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ForkLog 15 11.01.2021

South Korea’s oldest bank invests in a Bitcoin custody consortium

South Korea's Shinhan Bank invested in Korea Digital Asset Trust (KDAC) — an industry custody consortium, according to a Yonhap report.

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ForkLog 16 07.01.2021

Media: Nexon Group to acquire South Korea’s largest cryptocurrency exchange Bithumb

Nexon Group plans to acquire South Korea's largest cryptocurrency exchange, Bithumb. The signed memorandum of understanding envisages the purchase of 65% of the trading platform's shares, according to local media.

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ForkLog 24 24.12.2020

Binance to close branch in South Korea

The Binance unit in South Korea will cease operations at the end of January 2021 due to low trading volume, according to journalist Colin Wu.

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#South Korea