South Koreas Prospective New President Mulls Offering the Crypto to all or any Citizens
Korea's South

South Koreas Prospective New President Mulls Offering the Crypto to all or any Citizens

Source: Adobe/tawatchai1990Crypto has become a key issue in the run-up to the South Korean presidential election – with shots firing in all directions as politicians hunt for votes.As previously reported, the ruling Democratic Party nominee Lee Jae-myung has already pledged to unpick crypto tax law to delay the imposition of a controversial 20% levy on…

In S Korea’s New ‘Stable’ Crypto Sector, There’s Now One Exchange to Rule them All
‘Stable’ Korea's

In S Korea’s New ‘Stable’ Crypto Sector, There’s Now One Exchange to Rule them All

Sunrise at the giant hand at Homigot Beach, Pohang, South Korea. Source: Adobe/wutthinanIn South Korea, just over a month has passed since a seismic regulatory measure was introduced, effectively shutting down most of the nation’s crypto exchanges, leaving just four fully functioning trading platforms standing. And despite the carnage of late September, analysts say the…

South Koreas digital foreign currency tax battle may get to presidential election
Korea's South

South Koreas digital foreign currency tax battle may get to presidential election

Home » Business » South Korea’s digital currency tax battle may reach presidential election Earlier this year, the South Korean government announced the 20% tax on digital currency transactions which is intended to start in 2022. They also announced that at the start of the 2022 tax year, stock and bond investors will be taxed…

South Koreas Upbit swap to restrict withdrawals for unverified customers
Korea's South

South Koreas Upbit swap to restrict withdrawals for unverified customers

Home » Business » South Korea’s Upbit exchange to limit withdrawals for unverified users Leading Korean digital currency exchange Upbit is to limit services for unverified users, in a bid to step compliance efforts in line with anti-money laundering regulations. The exchange said it would begin by limiting withdrawals from unverified users from this week,…

South Koreas Ruling Celebration Hints from Increased Crypto Leniency
Korea's South

South Koreas Ruling Celebration Hints from Increased Crypto Leniency

Source: Adobe/tawatchai1990The ruling South Korean Democratic Party’s crypto task force is discussing a plan to “institutionalize corporate transactions” on crypto exchange platforms with the nation’s nine leading exchanges – a further sign, perhaps of an impending regulatory climbdown. More details of a key meeting held last month between the exchange chiefs and the task force…

South Korea’s banking association alarmed by altcoin trading mania
Korea's South

South Korea’s banking association alarmed by altcoin trading mania

South Korea’s banking body wants crypto exchanges to be wary of the risks of being overexposed to altcoins.