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KLAY’s market cap is roughly 70% below its all-time high, but the network’s TVL and DApp data hint that the service-oriented blockchain might bounce from its lows. Go to Source Powered by WPeMatico
Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russian Federation. Largest Korean Exchange May Deny Withdrawals From Russia Several crypto trading platforms in South Korea, including the country’s largest, are banning access from … Read more
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon … Read more
According to new data from Linkedin, a professional work-based social network, the number of cryptocurrency-related job postings soared in 2021. The increase was even higher than the general increase in tech-related job postings. The nature of these posts is also diversifying, with various industries requiring people with crypto know-how. Linkedin Says Crypto Jobs Are on … Read more
Democratic Party presidential candidate Lee Jae-myung prepares to use NFTs to raise funds for his campaign in a bid to appeal millenials. Go to Source Powered by WPeMatico
Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea … Read more
South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines. Go to Source Powered by WPeMatico
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major Korean Exchanges A growing number of officials in Seoul are vacating their … Read more
South Korea’s tax agency is looking into crypto investment firm Hashed according to local media. Go to Source Powered by WPeMatico
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors … Read more
