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Strict reporting rules for crypto businesses in South Korea are set to come into effect with existing firms given six months to comply or face stiff penalties. Go to Source Powered by WPeMatico
South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments. Go to Source Powered by WPeMatico
The increase in volume came as the price of Bitcoin rose to a new all-time high of more than $61,000 Saturday. Go to Source Powered by WPeMatico
The crypto asset just won over the won. Go to Source Powered by WPeMatico
Crypto adoption is a hot topic in South Korea, and recent figures have been proving it. However, crypto mining activity is also starting to gather interest across the country, per the latest reports from local media outlets. A Single Rig Should Worth $150 ‘or Less’ to Be Considered for Personal Use According to Kyungin Ilbo, … Read more
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS. Go to Source Powered by WPeMatico
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges. Go to Source Powered by WPeMatico
The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering. Go to Source Powered by WPeMatico
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018 According to the report made by Dong-A, a major South Korean … Read more
The South Korean tax authority is trying to track the movement of ICO funds raised in foreign countries into its domestic markets. Go to Source Powered by WPeMatico
