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South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said. South … Read more
Conservative, crypto-friendly candidate Yoon Suk-yeol has claimed victory in the South Korean presidential election, with the token used to mint his signature as an NFT surging 60%. 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 Korea Digital Asset Industry Committee meeting discussed crypto tax, DeFi markets, nonfungible tokens and metaverse during their meeting on Thursday. Go to Source Powered by WPeMatico
Citadel Securities will enter the crypto market, CEO Ken Griffin confirmed. DCG announced a $250 million share repurchase for Grayscale products. Go to Source Powered by WPeMatico
The 24 licensed crypto exchanges registered a collective average daily transaction volume of near $9.4 billion. Go to Source Powered by WPeMatico
Blockchain-powered solutions have been on the front line of the battle against the virus, yet their potential has been underutilized. Go to Source Powered by WPeMatico
The two companies said that creating eco-friendly NFTs will be one of the primary concerns for future collabs. Go to Source Powered by WPeMatico
The second phase of the CBDC mock testing is expected to complete by June this year Go to Source Powered by WPeMatico
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