South Korea Archives

South Korea to levy the 20% digital currency tax in 2022 despite opposition

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11 October, 2021

South Korea to levy the 20% digital currency tax in 2022 despite opposition

South Korea’s Finance Minister is unflinching on the 20% tax that has become a battle ground between the government and...

South Korea’s Upbit exchange to limit withdrawals for unverified users

Business

Ed Drake

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9 October, 2021

South Korea’s Upbit exchange to limit withdrawals for unverified users

Following the withdrawal limits, Upbit has said it will go further in restricting trading services to verified users only, including...

South Korea bans exchange staff from trading their own tokens

Business

Steve Kaaru

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1 October, 2021

South Korea bans exchange staff from trading their own tokens

The Financial Services Commission in South Korea has issued a decree that bars staff members of any digital currency exchange...

South Korea ruling party united in push for digital currency tax delay

Business

Steve Kaaru

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30 September, 2021

South Korea ruling party united in push for digital currency tax delay

The Democratic Party of Korea has reached a consensus to push for a delay in the implementation of the 20%...

Majority of South Koreans support digital currency tax law: survey

Business

Steve Kaaru

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27 September, 2021

Majority of South Koreans support digital currency tax law: survey

A survey in South Korea found that only 33% of respondents oppose the new taxation regime, even as the government...

South Korea finance minister plays down calls to postpone digital currency taxation

Business

Steve Kaaru

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22 September, 2021

South Korea finance minister plays down calls to postpone digital currency taxation

The government will push through with the tax laws which will take effect early next year despite opposition from the...

Blockchain tapped to tackle carbon emission in South Korea

Tech

David Abel

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12 September, 2021

Blockchain tapped to tackle carbon emission in South Korea

KT Corp, South Korea's top telecommunications company, established the platform to handle the lifecycle of the documents from its creation,...

South Korea could allow some digital currency exchanges to trade beyond regulatory cut-off

Business

Ed Drake

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11 September, 2021

South Korea could allow some digital currency exchanges to trade beyond regulatory cut-off

Legislation introduced in the country imposed a deadline on September 24 for the registration of any digital currency exchange that...

Bithumb to ban foreign users who fail mobile KYC as regulations bite harder

Business

Steve Kaaru

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9 September, 2021

Bithumb to ban foreign users who fail mobile KYC as regulations bite harder

Bithumb exchange will reportedly ban foreign users who fail to verify their identity through a mobile phone as South Korea’s...

The CoinGeek Pulse Episode 59: Canada regulator bars Tether trading; Cuba eyes digital currency for payments, Asia updates

Business

Stephanie Tower

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3 September, 2021

The CoinGeek Pulse Episode 59: Canada regulator bars Tether trading; Cuba eyes digital currency for payments, Asia updates

The Ontario Securities Commission continues to tighten its grip on digital currency operators, recently barring digital currency platforms from offering...

South Korea creates new digital currency oversight bureau

Business

Steve Kaaru

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1 September, 2021

South Korea creates new digital currency oversight bureau

The new bureau will fall under the anti-money laundering agency and will monitor the industry for any suspicious transactions and...

Upbit becomes first exchange to register with South Korea regulator

Business

Steve Kaaru

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26 August, 2021

Upbit becomes first exchange to register with South Korea regulator

Upbit submitted the business report that exchanges are required to file with South Korea’s FIU, upon completing real-name verification and...

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