South Korea News

South Korea is an important segment of the cryptocurrency market, with a lot of cryptocurrency investments, technological developments and large cryptocurrency exchanges established in the country. South Koreans are famous for have a high percentage of cryptocurrency enthusiasts within the population, but the South Korean government is not so keen on cryptocurrencies. The latest South Korea cryptocurrency news concerns a police investigation into Upbit, South Korea’s largest cryptocurrency exchange that had a massive effect on markets on the 11th of May. South Korean cryptocurrency regulations are pretty tough. ICOs are banned and local cryptocurrency exchanges are being shut down or else have found themselves under increased supervision. The South Korean government is concerned about money laundering, tax evasion and excessive speculations. It is a prospective that foresees the continued actions of lawmakers to push forward with new restrictions.

News
Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project.
Bank of Korea chief says crypto has no intrinsic value, expects volatility
Helen Partz
2021-02-23T08:47:38+00:00
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After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.
South Korea fast tracks 20% tax on Bitcoin and crypto profits to 2022
Greg Thomson
2021-02-22T09:43:16+00:00
9820
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South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central ...
Bank of Korea publishes book on central bank digital currency's legal issues
Marie Huillet
2021-02-08T11:14:56+00:00
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Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu.
Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company
Helen Partz
2021-02-03T10:38:39+00:00
6723
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The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act.
Huobi Korea scores certification from Korea Internet and Security Agency
Helen Partz
2021-01-18T12:51:37+00:00
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Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots.
South Korea’s tourist hotspot launches DLT-based app tracing COVID-19
Helen Partz
2021-01-14T12:00:00+00:00
4303
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After years of nail-biting turns and cliffhangers, the story of cryptocurrency is going to be told in a big-budget TV drama in 2021.
Forget Game Of Thrones — this new drama is all about Bitcoin
Connor Sephton
2021-01-11T17:25:00+00:00
6779
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South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit.
Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
Helen Partz
2021-01-11T13:14:07+00:00
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