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On Wednesday, bitcoin’s value ascended past the $60K threshold, peaking at a 24-hour high of $61,389 by 10:45 a.m. (ET). Concurrently, South Korea observed a pronounced premium over the international exchange rate, with local platforms such as Upbit and Bithumb displaying prices that are $2,251 higher. In a Worldwide Bitcoin Frenzy, South Korea and 30+ … Read more
The People Power Party, a major political party in South Korea, has proposed to defer cryptocurrency taxation for up to two years as part of a general election pledge. The Korean government has already postponed establishing cryptocurrency taxation until 2025 when income generated from cryptocurrencies will be taxed at 22%. South Korea to Delay Cryptocurrency … Read more
The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after a prison sentence in Montenegro for using falsified travel documents. Go to Source
Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits. Go to Source
The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs. Go to Source
Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country. Go to Source
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange, or send it to other users. Go to Source
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected. Go to Source
South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 2023. Go to Source
The disclosure will be a part of the party’s effort to show the “high moral standards” of its candidates. Go to Source