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South Korea

Huobi Korea secures KISA certification ahead of upcoming Special Payments Act
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20 January, 2021

Huobi Korea secures KISA certification ahead of upcoming Special Payments Act

Digital currency exchange Huobi has secured the backing of regulators in South Korea, following the decision to award Huobi Korea...
South Korea digital currency tax on track for 2022
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12 January, 2021

South Korea digital currency tax on track for 2022

Qualifying transactions will be subject to a tax rate of 20%, according to the Ministry of Economy and Finance, which...
Coinbit: South Korea exchange execs charged over wash trading
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10 December, 2020

Coinbit: South Korea exchange execs charged over wash trading

Authorities in South Korea have brought on market manipulation charges against the executives of Coinbit digital currency exchange.
PlusToken scam: China seizes $4.2B in digital currencies
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2 December, 2020

PlusToken scam: China seizes $4.2B in digital currencies

Court documents from the Jiangsu Yancheng Intermediate People's Court revealed that Chinese police had seized over $4.2 billion in digital...
South Korea approves digital currency tax delay
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1 December, 2020

South Korea approves digital currency tax delay

What was originally rumored, has officially been approved. On November 30th, the South Korean Strategy and Finance Committee approved an

Facebook fined $6.1M in South Korea for sharing user data without consent
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1 December, 2020

Facebook fined $6.1M in South Korea for sharing user data without consent

South Korean authorities have been investigating Facebook since 2018 following the Cambridge Analytica scandal, according to reports.
South Korea to delay digital currency tax law until January 2022
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26 November, 2020

South Korea to delay digital currency tax law until January 2022

Digital currency holders in South Korea have been granted an extra three months before a new taxation rule is implemented.
Bithumb shuts down Seoul office due to COVID-19
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25 November, 2020

Bithumb shuts down Seoul office due to COVID-19

The South Korean exchange cited the increasing COVID-19 infections and more stringent social distancing rules as the reasons for closure.
Huobi eyes takeover of South Korea exchange Bithumb
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20 November, 2020

Huobi eyes takeover of South Korea exchange Bithumb

Bithumb shareholders are reportedly open to the idea, which would see Huobi carrying on the business of Bithumb in South...
South Korean regulator to ban privacy coins in 2021
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6 November, 2020

South Korean regulator to ban privacy coins in 2021

Digital currency service providers in South Korea will no longer be able to support digital assets that present high money...
South Korea telecoms giant approved for digital certificate blockchain wallet
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27 October, 2020

South Korea telecoms giant approved for digital certificate blockchain wallet

The wallet is compatible with the Government24 digital certificate program, which facilitates the issuance of electronic certificates in South Korea...
South Korea banks and lawmakers call for new digital currency legislation
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13 October, 2020

South Korea banks and lawmakers call for new digital currency legislation

The National Assembly Seminar for the Virtual Asset Business Law argued the laws were needed to protect revenues and help...