South Korea – Page 57

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to […]

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Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill

South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it

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Asia’s Love Affair With Blockchain Is Blossoming

Asia’s Love Affair With Blockchain Is Blossoming Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of the region, yet enjoy high profile partnerships and endorsements in […]

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South Korea Forms Task Force for Central Bank Digital Currency Research

The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020

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Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan

Busan, South Korea’s second-largest city in cooperation with telecom giant KT plans to release a blockchain-based local currency by Dec. 30.

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South Korean Co-Working Space Operator SparkPlus Turns to Blockchain

Seoul-based SparkPlus plans to open co-working centers in properties listed on the blockchain funding platform Kasa Korea

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South Korea Will Research Central Bank Digital Currencies

TheMerkle South Korea Cryptocurrency Regulation South Korea is an important region when it comes to cryptocurrencies. It now appears the country’s central bank wants to begin researching central bank digital currencies in the near future. Numerous countries see merit in creating national digital currencies. More Central Bank Digital Currencies are Coming Such projects are often referred to as central bank digital currencies, or CBDCs. For the time being, it remains to be seen which nation will try its hand at issuing such a currency in the future. One country throwing its hat into the mix is South Korea. More specifically, the Bank of Korea has

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Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins. […]

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South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains

Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed

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South Korea Telecoms Giant Ramps Up Blockchain Roaming Deal With China

KT Corporation and China Mobile stay committed to blockchain rollout as part of a deal to boost roaming

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