Find News

Category: south korea cryptocurrency

Altcoins

South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy

A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity. Altcoins Trading Volume Outperformed Bitcoin Last Weekend in South Korea According to […]

 2 total views

Read More »
Bitcoin Miners

South Korea to Impose a 20% Tax on Crypto Mining Activities

The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published by Donga, miners should be accountable for paying […]

 2 total views

Read More »
Asia

South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud

Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors. Masterminds Could Have Defrauded Over 40,000 People According to Yonhap, police […]

 1 total views

Read More »
Asia

South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes

South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax. The Democratic Party’s Expectations on Cryptocurrencies According […]

 1 total views

Read More »
CBDC News

Bank of Korea CBDC Experiments Planned for Second Half of 2021

The Bank of Korea will conduct simulation experiments for its CBDC in the second half of 2021, according to information on its official site. This marks yet another country ramping up its efforts to test and launch a CBDC. South Korea has been considering a CBDC for some time, with numerous officials hinting at progress. … Continued

The post Bank of Korea CBDC Experiments Planned for Second Half of 2021 appeared first on BeInCrypto.

 9 total views

Read More »
Cryptocurrency Investments

Korean Financial Authority Launches Crypto Investigation on Employee Investments

The Korean Financial Services Commission, South Korea’s financial regulator, has launched an internal investigation relating to crypto investments by employees. Local media outlet Yonhap News reported on April 26 that the FSC will receive reports on the investment status of employees until May 7. The investigation will examine the investment records of employees in cryptocurrency … Continued

The post Korean Financial Authority Launches Crypto Investigation on Employee Investments appeared first on BeInCrypto.

 4 total views

Read More »
  • Subscribe to our weekly digest to stay in the loop!

    or follow us on our social channels