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South Korea Defines NFTs as Virtual Assets

South Korea Defines NFTs as Virtual Assets

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News1 reported on June 10 that the FSC clarified NFTs would be treated like cryptocurrencies. This is unless they exhibit distinct characteristics that differentiate them...
South Korean Opposition Victory Paves Way for Bitcoin ETF Access

South Korea’s Opposition Win Boosts Bitcoin ETF Access

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This victory could herald a new era of crypto-friendly policies and expand investment opportunities for millions of South Koreans. The newly elected opposition has pledged...
Crypto.com App Debuts in South Korea

Crypto.com App Debuts in South Korea

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It is set to launch the Crypto.com App in South Korea, marking a significant expansion into the Korean market. This launch from crypto.com opens...
South korea crypto friendly

South Korea is Crypto-Friendly Now. Yoon Suk-Yeol Wins

Yoon Suk-Yeol wins the South Korean presidential elections with the smallest of margins (0.8%).  Nonetheless, both South Korean candidates had one thing in common. During...
Big one! Crypto is Fully Legal in South Korea

Big One! Cryptocurrency is Fully Legal in South Korea

Asia’s 4th largest economy, South Korea officially accepted cryptocurrency trading and holding this Wednesday. Undoubtedly, this is a remarkable decision by the South Korean...
South Korea to Tax Crypto

South Korea to Tax Crypto

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The South Korea Ministry of Finance is considering a 20% tax on income from cryptocurrencies. The watchdog is comparing the assets to winning the lottery. The...
No Crypto Tax in South Korea. For Now

No Crypto Tax in South Korea. For Now

South Korea Ministry of Finance and Strategy has revealed that the nation won't tax profit from cryptocurrency trading. Based on reports, the South Korean government...
Digital Currency South Korea

South Korean Telecom Giant Launches Digital Currency

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South Korean telecommunication company, KT has revealed plans to launch a local digital currency. The South Korean company named its proposed digital currency Dongbaek Currency....

South Korean Exchange “Prixbit” Shuts Down

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The South Korean exchange recently announced it would stop operations due to financial difficulties.  The founder said: “Due to negative internal and external influences, management difficulties...

Binance Coming to South Korea

According to news from Block In Press, Binance CEO Changpeng Zhao, also known as CZ, confirmed that the firm is “working with local partners”...