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
South Korea’s finance ministry is considering imposing a 20% income tax on cryptocurrency transactions.
South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies
Adrian Zmudzinski
2020-01-20T08:30:00+00:00
2725
News
Crypto exchange Upbit recently completed a security overhaul in response to a hack the platform suffered in late 2019.
Crypto Exchange Upbit Finishes Security Update in Response to 2019 Hack
Benjamin Pirus
2020-01-15T18:57:00+00:00
1643
New Year Special
South Korea is at last seeing some progress in crypto regulation, and the government is benchmarking other major markets to oversee the local market.
Prepare for Liftoff — South Korea’s Crypto Regulation Ignites in 2019
Joseph Young
2020-01-15T04:00:00+00:00
6647
News
Bithumb shows interest in a 10 billion won investment into South Korea’s regulatory free zone in Busan.
Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone
Benjamin Pirus
2020-01-09T19:23:00+00:00
2118
News
South Korean cryptocurrency exchange Bithumb establishes its own research and development center.
Major South Korean Crypto Exchange Bithumb Launches R&D Center
Adrian Zmudzinski
2020-01-07T09:45:00+00:00
1971
News
A South Korean presidential committee has reportedly recommended that the government allow the development of cryptocurrency derivatives in the country.
South Korean Presidential Committee Recommends Allowing Bitcoin Derivatives
Adrian Zmudzinski
2020-01-06T12:09:00+00:00
2712
News
South Korea will not tax individual crypto profits yet, but legislation is in the works.
South Korea Drafting Legislation To Tax Individual Crypto Profits
Rachel Wolfson
2020-01-02T22:06:00+00:00
3651
News
Major South Korean crypto exchange BitHumb considers administrative litigation over $68.9 million tax bill.
Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill
Adrian Zmudzinski
2019-12-29T13:02:00+00:00
4015

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