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
Man sentenced to two years and six months in prison after multi-million dollar crypto fraud.
Crypto Scammer Sentenced by South Korean Authorities
Felipe Erazo
2020-07-21T17:18:00+01:00
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News
Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity.
Korean Exchanges Struggle With Expansion Amid Uncertain Regulations
Mohammad Musharraf
2020-07-20T10:47:00+01:00
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News
Xangle, a crypto disclosure platform by CrossAngle, closes a $3.3 million round from South Korea’s conglomerate Hanwha Group.
South Korean Giant Hanwha Invests $3M in Crypto Disclosure Startup
Helen Partz
2020-07-16T17:58:00+01:00
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News
President Moon Jae-in wants to allocate billions of dollars to strengthen industry 4.0 technology.
South Korea Might Soon be Spending Billions on Blockchain Development
Felipe Erazo
2020-07-14T21:19:00+01:00
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News
Crypto taxation in South Korea could increase to 20% for capital gains.
South Korea Could Issue a Crypto Capital Gains Tax as High as 20%
Felipe Erazo
2020-07-13T21:16:00+01:00
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Opinion
The close interaction between traditional finance and regulators is the key element in the development of the cryptocurrency industry.
Why Banks Keep Blocking Cryptocurrency-Related Transactions
Alex Axelrod
2020-07-12T10:06:00+01:00
12345
Opinion
Healthcare is among the first industries in South Korea to receive the benefits of data management and storage on blockchains.
South Korea Brings Blockchain to Healthcare, but That’s Just the Start
Henry Hong
2020-07-11T10:00:00+01:00
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News
South Korean legislature will host a seminar to address crypto laundering and other related topics.
South Korean National Assembly to Discuss Crypto Transaction Transparency
Felipe Erazo
2020-07-09T22:44:00+01:00
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