Southern Korean pension fund to purchase Bitcoin ETF: Report
Korean South

Southern Korean pension fund to purchase Bitcoin ETF: Report

KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said…

S Korean Crypto Investing Has Eclipsed CURRENCY MARKETS Activity by USD 389 Billion
Crypto Korean

S Korean Crypto Investing Has Eclipsed CURRENCY MARKETS Activity by USD 389 Billion

Source: Adobe/Bangkok Click StudioSouth Korea’s crypto sector may have taken a battering at the hands of regulators of late, but the number of crypto investors in the nation has grown exponentially – to the point where the cumulative worth of transactions on the nation’s four biggest crypto exchanges has outstripped domestic stock market activity by…

Southern Korean Government Faces Raft of Crypto Taxes Amendment Bills
Korean South

Southern Korean Government Faces Raft of Crypto Taxes Amendment Bills

Source: Adobe/weyoSouth Korean lawmakers are inundating parliament with crypto tax delay bills. The National Assembly’s financial committees are set to weigh up the values of four separate attempts to derail Seoul’s plans to levy 20% capital gains tax charges on all trading profits over an annual threshold of USD 2,100.The government has attempted to dig…

Southern Korean Regulator Says DeFi and NFT Regulations Are Approaching
Korean South

Southern Korean Regulator Says DeFi and NFT Regulations Are Approaching

Source: Adobe/Emoji Smileys PeopleSouth Korea’s crypto industry is braced for another round of potentially restrictive regulations – with a financial regulatory chief hinting that, fresh from subjecting crypto exchanges to some of the most restrictive regulations in the world, the decentralized finance (DeFi) and non-fungible token (NFT) sectors were next in line.In an interview with…

Southern Korean Regulators Deserting Careers for Posts inside Crypto, Fintech and Financing
Korean South

Southern Korean Regulators Deserting Careers for Posts inside Crypto, Fintech and Financing

Source: Adobe/DZieglerThe regulatory landscape continues to get rockier for crypto companies in South Korea, but an increasing number of regulators in the nation are quitting their jobs to take up roles with fintech, crypto platforms, statistics have revealed.According to Maeil Kyungjae, landing a role at a regulator used to be seen as a plum role,…

Southern Korean Taxman to Be Granted To Search Crypto Taxes Evaders Houses
Korean South

Southern Korean Taxman to Be Granted To Search Crypto Taxes Evaders Houses

Source: Adobe/Photographee.euThings are going from bad to worse for South Korean crypto investors. Fresh from seeing their crypto exchange options shrivel to just four, heavily audited platforms on Friday, they are now being told that if they seek to sidestep crypto trading profits reporting protocols, their coins could be liquidated – and bailiffs could be…

Hope For Four A lot more S Korean Crypto Exchanges while Others Quit the Ghost
Crypto Korean

Hope For Four A lot more S Korean Crypto Exchanges while Others Quit the Ghost

Source: Adobe/spyrakotSouth Korea’s looming crypto exchange shutdown maelstrom looks set to come to a head this week – with yet more large exchanges announcing closures or temporary suspensions ahead of a regulatory deadline that comes into force on Friday. But there could be a silver lining, with the number of exchanges ready to apply for…

Southern Korean Ruling Party Squabbles more than Crypto Taxes
Korean South

Southern Korean Ruling Party Squabbles more than Crypto Taxes

Source: AdobeStock / James SteidlSouth Korea’s ruling party is at loggerheads over the thorny issue of crypto tax. The government could even face a backbench revolt as parts of the party want to delay or amend incoming tax laws.As previously reported, the National Assembly has already green-lighted a change to the existing tax code, which…

Larger S Korean Crypto Exchanges Announce Temporary End of Fiat Trading
Korean Larger

Larger S Korean Crypto Exchanges Announce Temporary End of Fiat Trading

Source: Adobe/Sean GladwellThe ball is finally starting to roll in South Korea, where new rules requiring crypto exchanges to provide real-named authenticated banking services will come into force next week – potentially derailing scores of trading platforms.As previously reported, crypto exchanges must obtain information security management system (ISMS) certification if they are to continue offering…

South Korean Law enforcement Forces to create Dedicated Crypto Teams
Korean South

South Korean Law enforcement Forces to create Dedicated Crypto Teams

Source: iStock/vanbeetsOver a dozen South Korean police forces are set to launch dedicated crypto investigation units – and are standing by to deal with the fallout from a wave of shutdowns that is expected to sweep through the nation’s crypto exchange sector in the coming weeks.Per EDaily and Money Today, the National Police Agency confirmed…