Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit. Go to Source Powered by WPeMatico
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South Korean gaming conglomerate Nexon denies plans to acquire Bithumb
Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million. Go to Source Powered by WPeMatico
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the … Read more
South Korean Government to Start Taxing Crypto Trading Profits in 2022
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
South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
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
South Korea to introduce a 20% tax on crypto trading profits in 2023
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. Go to Source Powered by WPeMatico
Report: Major gaming conglomerate Nixon prepares to acquire Bithumb
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 After Proposals Failed to Pass the National Assembly
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
Production of $2.7 Million-per-Episode: South Korean Crypto-Related TV Drama Series Is Set to Start in 2021
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
2020’s 5 countries friendliest to crypto and blockchain
These five countries have led the way in driving cryptocurrency and blockchain adoption in 2020. Go to Source Powered by WPeMatico