South Korea – Page 56

South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions

Bitcoin.com Partners With Mecon Cash, Enabling BCH to Korean Won Withdrawal at Over 13,000 ATMs Across South Korea

Bitcoin.com Partners With Mecon Cash, Enabling BCH to Korean Won Withdrawal at Over 13,000 ATMs Across South Korea Bitcoin Cash has been added to Mecon Cash’s M.Pay platform which is integrated with over 13,000 ATMs in South Korea. By making bitcoin cash usable for withdrawing won across the country, Mecon Cash is ensuring that BCH users in Korea can always make urgent and small transactions in any place that still does not accept […]

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Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax

Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million 'Groundless' Tax Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. Also read: Regulatory Roundup: EU-Wide Crypto […]

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Crypto Exchange Upbit Finishes Security Update in Response to 2019 Hack

Upbit has completed a security overhaul in response to a hack the platform suffered in late 2019

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Prepare for Liftoff — South Korea’s Crypto Regulation Ignites in 2019

Complete timeline of South Korea’s crypto regulation and controversy

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU-Wide Crypto Regulations Begin […]

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Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone

Bithumb Pledges $8M to South Korea's 'Regulation Free' Blockchain Zone South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will discuss the preliminary plans with the Financial Services Commission (FSC) this month. Also read: Mining […]

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Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone

Bithumb could invest over $8 million into South Korea’s regulatory free zone in Busan

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Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream

Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including derivatives, […]

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Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar

In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar. […]

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