South Korea Arrests 14 On Suspicion Of Discount Bitcoin Mining
The 14 people involved in alleged unfair Bitcoin mining have been detained by police in South Korea. #NEWS Go to Source Powered by WPeMatico
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Trading Opens On Crypto Exchange Giant Huobi In South Korea
South Korean launch of Beijing-born crypto exchange giant Huobi, with 100 altcoins and 208 markets. #NEWS Go to Source Powered by WPeMatico
South Korean Regulators To Release Crypto Tax Framework By June
After this month’s G20 meeting, South Korea is working on crypto tax regulations to be ready by June #NEWS Go to Source Powered by WPeMatico
Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation
Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s … Read more
Huobi Officially Launches in South Korea with 100 Cryptocurrencies
Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Huobi Korea Launched Huobi … Read more
South Korea: Insurance Company Denies Hacked Crypto Exchange’s Damages Claim
Insurance firm refuses $2.8 mln claim by hacked crypto exchange Youbit, citing failure to disclose information, which exchange sees as excuse not to pay. #NEWS Go to Source Powered by WPeMatico
Seoul Mayor Aims To Launch Capital’s Own Crypto, Establish Better Environment For Blockchain Startups
Seoul intends to create its own cryptocurrency and develop a better environment for Blockchain and virtual currency projects, says mayor. #NEWS Go to Source Powered by WPeMatico
South Korean Millennials Excited About Crypto, New Survey Shows
South Koreans in their 20s and 30s are excited about cryptocurrencies and are eager to invest. This is according to a study carried out by the Bank of Korea, the country’s central bank. The survey was released on Tuesday and showed general support for digital currencies in the East Asian nation despite recent drastic declines in … Read more
Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy
Cryptocurrency exchange Youbit has reportedly re-emerged after a series of hacks and a bankruptcy filing, amid an insurance claim controversy and civil lawsuits. The exchange continues to operate after it was sold and renamed, local media reported. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Insurance Claim Denied DB Insurance, one of … Read more
Bithumb and Korea Pay Services Partner to Promote Retail Use of Crypto
Bithumb has announced a new partnership with Korea Pay Services in a move meant to promote the use of cryptocurrencies for payments in retail outlets. The partnership will give Bithumb users the ability to use cryptocurrencies to make payments at offline stores. OVER 6,000 STORES TO BENEFIT Korea Pay Services is a mobile payment processor that processes … Read more