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The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will be enacted in February, and profits from … Read more
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up … Read more
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. Go to Source Powered by WPeMatico
South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country’s largest cryptocurrency exchange. Go to Source Powered by WPeMatico
South Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly. Proposal Submitted in November 2020 According to the Electronic Times, the bills aimed to require lawmakers and senior public servants to report all their cryptocurrency holdings and their … Read more
A major South Korean TV series with crypto and blockchain-related topics is set to launch its production stage at the beginning of 2021, directed by Gemstone Film, in collaboration with firms in China and the United States. South Korean Crypto-Related TV Drama Series ‘Pumping Time’ Is Set to Start in 2021 According to Financial News, … Read more
These five countries have led the way in driving cryptocurrency and blockchain adoption in 2020. Go to Source Powered by WPeMatico
South Korea’s Hashed has established a new fund to finance emerging blockchain startups Go to Source Powered by WPeMatico
Electronics giant LG is supporting a new Vietnamese blockchain initiative through its IT and consulting subsidiary. Go to Source Powered by WPeMatico
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked Stocks in South Korea According to Yonhap, Korea Exchange (KRX), through its KRX’s Market Oversights … Read more
