Español
PortuguêsBithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are…
Continue Reading
The South Korean crypto ban placed back in 2017 was a breach of fundamental rights, holds the arguments in a recent public plea. South Korean Government Placed Multiple Restrictions on…
Continue Reading
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are…
Continue Reading
South Korea-based exchange Bithumb is fighting a move by the country’s tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions. Confirmed by the company in December,…
Continue Reading
Strengthening its walls after a hack in late 2019, South Korean crypto exchange Upbit has finished a security upgrade for the wallets on its exchange platform, restoring functionality once again.…
Continue Reading
South Korea remains the third-largest crypto exchange market by volume, just behind the United States and Japan. Despite that, throughout the past three years, the government of South Korea has…
Continue Reading
Cryptocurrency exchange Binance has made its first direct investment in a South Korean startup. According to an exclusive report by CoinDesk Korea, Binance has taken a 500 million won ($432,000)…
Continue Reading
In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S.,…
Continue Reading
South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after…
Continue Reading
A South Korean crypto YouTuber was assaulted at his home, with some suggesting the attackers may have been by upset investors. Kyu-hoon “Spunky” Hwang was beaten in an elevator in…
Continue Reading
Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox. Via its daughter company GCX Alliance, Bithumb has shown intent to…
Continue Reading
The Korean Upbit Exchange plans to reopen deposit wallets for its leading assets, including XRP, EOS and Litecoin (LTC). Upbit Wallets Reopen for XRP, EOS, LTC, and ETH Upbit, which…
Continue Reading
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto…
Continue Reading
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws,…
Continue Reading
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws,…
Continue Reading
South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center. According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a…
Continue Reading
Financial institutions should be allowed to offer cryptocurrency products, such as derivatives, according to a government advisory body in South Korea. In a new report, the Presidential Committee on the…
Continue Reading
The South Korean Presidential Committee on the Fourth Industrial Revolution (PCFIR) has recommended the government to allow financial institutions to launch cryptocurrency-based financial products. Local English-language news outlet BusinessKorea reported…
Continue Reading
Cryptocurrency and taxation laws are creating a great deal of confusion in South Korea. On Dec. 30, South Korea’s government stated that under current law, it cannot impose income taxes…
Continue Reading
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and…
Continue Reading
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more…
Continue Reading
South Korea‘s National Tax Service (NTS) will withhold tax worth 80.3 billion won, or $70 million, from the country’s largest crypto exchange Bithumb. CoinDesk Korea reported on Sunday that Vidente,…
Continue Reading
Major South Korean cryptocurrency exchange Bithumb is reportedly looking to undertake administrative litigation over an $68.9 million (80 billion won) tax bill. English-language local news outlet KoreaHerald reported on Dec.…
Continue Reading
Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business…
Continue Reading
South Korea’s central bank is organizing a task force to research central bank digital currencies (CDBCs). Announced in a Dec. 26 report titled “Monetary Policy for 2020,” the Bank of…
Continue Reading
South Korea’s central bank, the Bank of Korea (BOK), plans to organize a task force dedicated to central bank digital currency (CBDC) research in the new year. In its “Monetary…
Continue Reading
South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30. …
Continue Reading
Seoul-based co-working space operator SparkPlus has partnered with blockchain funding platform Kasa Korea, according to a Dec. 17 report from The Investor. The partnership will aim to innovate the city’s…
Continue Reading
The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC). South Korea Joins Crypto Research Race According…
Continue Reading
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S.…
Continue Reading
The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will…
Continue Reading
Waltonchain, the blockchain-based supply chain tracking platform, is reshuffling its leadership. The position of CEO will now be taken by Do Sang Hyuk, who will bring in experience as a…
Continue Reading
South Korea’s largest telecoms provider, KT Corporation, is boosting a partnership with China Mobile targeting blockchain technology and 5G roaming. As local English-language news outlet The Korea Herald reported on…
Continue Reading
The South Korean-based firm Bloom Technology announced that they have created a new technology that is able to speed up transactions on the blockchain. On Dec. 3, United Press International…
Continue Reading
One of the addresses involved in last week’s theft from South Korean crypto exchange Upbit is moving millions of dollars worth of stolen Ether (ETH) to an unknown wallet. As…
Continue Reading
Coming up first, however, will be a limited-feature browser extension for the wallet which will offer basic crypto storing and trading features, the executive said. Called Kaikas, the extension will…
Continue Reading
On Nov. 27, major South Korean cryptocurrency exchange UpBit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain…
Continue Reading
Yeo Min-soo, the CEO of South Korean internet giant Kakao, said that his firm’s Klaytn blockchain is similar to Facebook’s Libra except it is way ahead in its development. According…
Continue Reading
Following the theft of 342,000 Ether (ETH) ($50 million) from major South Korean crypto exchange Upbit, some commentators have suggested that the hack was actually an inside job. As Cointelegraph…
Continue Reading
Upbit, one of the ‘big four’ South Korean crypto exchanges has reported an irregular 342,000 Ethereum (ETH) withdrawal from its wallet. While details remain sketchy as to the nature of…
Continue Reading