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
The postponement follows a successful lobbying campaign by local crypto advocates.
South Korea to delay new tax regime on cryptocurrencies until 2022
Helen Partz
2020-12-01T09:43:36+00:00
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Following lobbying by the Korean Blockchain Association, crypto exchanges have extra time to implement a new tax infrastructure.
South Korean government to delay crypto tax rules by three months
Jack Martin
2020-11-25T10:37:12+00:00
4853
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Bithumb’s offline support center in Gangnam is closing down due to COVID-19.
Bithumb crypto exchange temporarily closes some offices due to COVID-19
Helen Partz
2020-11-23T10:56:03+00:00
10253
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The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants.
China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card
Marie Huillet
2020-11-04T12:01:45+00:00
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Virtual asset service providers in the country will not be allowed to handle “dark coins.”
South Korean financial watchdog will ban privacy coins from exchanges
Turner Wright
2020-11-03T22:06:08+00:00
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Can anyone hold North Korea responsible for its attacks on the crypto industry?
South Korean gov't doesn't know who will protect crypto exchanges from Kim Jong-Un’s hackers
Felipe Erazo
2020-10-23T22:44:39+01:00
5815
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South Korea's SK Telecom is issuing a blockchain solution for the storage and management of government certificates.
South Korean telecom launches blockchain wallet for official documents
Felipe Erazo
2020-10-22T01:18:12+01:00
8319
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The platform would aid central banks in Asia with developing a central bank digital currency.
Japanese messaging giant Line developing CBDC platform
Helen Partz
2020-10-20T09:34:54+01:00
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