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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! 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
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
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...
South Korean Telecom Giant Launches Digital Currency
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
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”...
South Korean FSC Approves ICONLOOP’s Blockchain ID Verification System
The Financial Services Commission (FSC) of South Korea has chosen ICONLOOP’s ID verification solution, or so-called ‘my-ID’, to integrate into their Financial Services and...
Regulators Increase Users Liability for Crypto Exchanges in South Korea
The Korea Herald released reports on June 17, explaining that five cryptocurrency exchanges in South Korea have increased their liability to users. The actions...
South Korea’s Biggest Bank, KB Kookmin, is Entering the Crypto Space
BusinessKorea, a local news outlet in South Korea, has reported that the biggest bank in the country, KB Kookmin, has recently partnered with a...