South Korean pension fund to invest in Bitcoin ETF: Report
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an exec reportedly said. Go to Source Powered by WPeMatico
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Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? Go to Source Powered by WPeMatico
South Korean opposition set to tackle controversial crypto tax law
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders. Go to Source Powered by WPeMatico
Chinese blockchain project BSN expands to Turkey and Uzbekistan
Chinese blockchain project BSN comes to Turkey and Uzbekistan after launching the BSN Hong Kong and Macau portal. Go to Source Powered by WPeMatico
Korean crypto exchange Upbit to halt withdrawals for unverified users
Major South Korean crypto trading platform Upbit will start gradually limiting services for unverified users this week. Go to Source Powered by WPeMatico
South Korean crypto tax delay thwarted
The crypto tax will begin for South Koreans in 2022 but some industry observers say there is no cause for concern. Go to Source Powered by WPeMatico
29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto Regulation in Effect The Act on Reporting and … Read more
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for New Korean Crypto Regulations Expires Friday Registering with Korea’s Financial Intelligence Unit (FIU) is … Read more
Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four exchanges. Korean Province Confiscates Cryptocurrencies for Unpaid Fines The … Read more
Law Decoded: US as anatomical theater of crypto regulation, Sept. 13–20
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea. Go to Source Powered by WPeMatico