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
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
2243
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
2060
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
2830
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
3772
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
4096
News
South Korea's central bank plans to organize a task force dedicated to central bank digital currency research in the new year.
South Korea Forms Task Force for Central Bank Digital Currency Research
Marie Huillet
2019-12-27T09:23:00+00:00
2974
News
South Korea’s second-largest city Busan announces it is launching a blockchain-based digital currency in collaboration with telecom giant KT.
Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan
Benjamin Pirus
2019-12-19T20:51:00+00:00
4877
News
Seoul-based co-working space operator SparkPlus has partnered with blockchain funding platform Kasa Korea to help innovate the city’s sharing economy.
South Korean Co-Working Space Operator SparkPlus Turns to Blockchain
Marie Huillet
2019-12-17T12:18:00+00:00
1789

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