South Korean government to delay crypto-tax rules by three months
Following lobbying by the Korean Blockchain Association, crypto exchanges are given extra time to implement a new tax infrastructure. Go to Source Powered by WPeMatico
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Bithumb crypto exchange temporarily closes some offices due to COVID-19
Bithumb’s offline support center in Gangnam is closing down due to COVID-19. Go to Source Powered by WPeMatico
South Korea To Ban Crypto Exchanges From Handling Privacy Coins
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy … Read more
China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card
The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants. Go to Source Powered by WPeMatico
South Korean financial watchdog to ban privacy coins
Virtual asset service providers in the country will not be allowed to handle “dark coins.” Go to Source Powered by WPeMatico
South Korean gov says it won’t protect crypto exchanges from Kim Jong-Un’s hackers
Can anyone hold North Korea responsible for its attacks on the crypto industry? Go to Source Powered by WPeMatico
South Korean telecom launches blockchain wallet for official documents
South Korea’s SK Telecom is issuing a blockchain solution for the storage and management of government certificates. Go to Source Powered by WPeMatico
Japanese messaging giant LINE developing CBDC platform
The platform would aid central banks in Asia with developing a central bank digital currency. Go to Source Powered by WPeMatico
Korean blockchain lobby calls for crypto tax plan to be put on ice
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023. Go to Source Powered by WPeMatico
Bank of Korea digital won pilot moving to distribution phase next year
The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch. Go to Source Powered by WPeMatico
