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South Korea

South Korea exchanges protest after regulator bans cross trading
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10 June, 2021

South Korea exchanges protest after regulator bans cross trading

In its latest, aside from banning cross trading activities, the Financial Services Commission has ordered the exchanges to store at...
South Korea to launch digital currency pilot in August
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26 May, 2021

South Korea to launch digital currency pilot in August

Bank of Korea has opened an open bidding process as it seeks to team up with a technology supplier as...
South Korea clamps down on digital currency phishing activities
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15 May, 2021

South Korea clamps down on digital currency phishing activities

The South Korean government is out to strengthen its infrastructure to thwart the growing digital currency phishing activities in the...
Korea regulators pressure banks to release details on digital currency exchange clients
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11 May, 2021

Korea regulators pressure banks to release details on digital currency exchange clients

Regulators in South Korea have told the country’s banks to disclose details of their dealings with local digital currency firms,...
Block reward miners in South Korea getting tax break under new scheme
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9 May, 2021

Block reward miners in South Korea getting tax break under new scheme

Companies involved in block reward mining may enjoy a significant tax break when South Korea’s new digital currency tax regime...
South Korea regulator warns employees to file digital currency returns
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1 May, 2021

South Korea regulator warns employees to file digital currency returns

Employees of the Financial Services Commission who deal with digital currencies must file reports on their personal digital currency holdings.
South Korea Daybit exchange to shut down as regulations take toll
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30 April, 2021

South Korea Daybit exchange to shut down as regulations take toll

Daybit cited the toughened regulations that seem to only favor the big exchanges, while pushing the smaller rivals out of...
Ex-Bithumb chief linked to alleged ICO fraud handed over to South Korea prosecutors
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30 April, 2021

Ex-Bithumb chief linked to alleged ICO fraud handed over to South Korea prosecutors

In addition to the alleged ICO fraud, Lee Jung-hoon is also under investigation for alleged fraud, tax evasion and transferring...
South Korea gaming firm Gamevil buys stake in Coinone exchange
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25 April, 2021

South Korea gaming firm Gamevil buys stake in Coinone exchange

Gamevil, a publicly listed firm, has bought a stake in Coinone, South Korea’s third largest digital currency exchange.
Seoul seizes $22M from digital asset exchange accounts over back taxes
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23 April, 2021

Seoul seizes $22M from digital asset exchange accounts over back taxes

The Seoul metropolitan government said this week it had found and even seized such assets from over 600 "tax delinquents"—individuals...
The CoinGeek Pulse Episode 41: Digital currency update, Snowden NFT sells for over $5.5M and SLictionary NFTs
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23 April, 2021

The CoinGeek Pulse Episode 41: Digital currency update, Snowden NFT sells for over $5.5M and SLictionary NFTs

Is there trouble in the digital currency paradise? With significant movement happening in the space, governments around the world are...
South Korea pledges crackdown on money laundering via digital currencies
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23 April, 2021

South Korea pledges crackdown on money laundering via digital currencies

The South Korean government is reportedly preparing to ramp up regulation against digital currency, in a bid to more readily...