Airdrops Will Be Subject to Donation Tax in South Korea
Airdrops of virtual assets could be liable to gift tax, according to the tax legislation, as the Korean Ministry of Strategy and Finance has interpreted...
Tag : South Korea
South Korean Regulator Plans to block 16 Foreign Crypto Exchanges that Lack Domestic Licenses
The Financial Services Commission (FSC), which oversees the financial industry in South Korea, intends to restrict domestic users’ access to global cryptocurrency exchanges that are...
Crypto.com Dives into The South Korean Market With New Acquisitions
Earlier today, Crypto.com stated that it has acquired payment service provider “PnLink Co., Ltd.” and virtual asset service provider “OK-BIT Co., Ltd.”, therefore securing registration...
South Korean Prosecutors Raided seven Cryptocurrency Exchanges Connected to the Terra Collapse
Regulators and government representatives are still interested in knowing what caused the abrupt collapse of the Terra ecosystem as well as any other groups or...
The United States and South Korea Meet to Enhance Cooperation in Crypto Crime Investigation
During his visit to New York, the Justice Minister of South Korea, Han Dong-hoon, met with officials from the United States Department of Prosecution to...
South Korea Prohibits Terraforms Developers from Leaving the Country
Prosecutors in South Korea have put a travel ban on former Terra developers in order to prevent them from fleeing the country while investigations into...
South Korea Try The Metaverse for Work and Study
South Korea students believe that studying and working in the metaverse helps them focus better and stay up with their friends in a manner similar...
South Korea is Establishing a Crypto Regulatory Agency
According to local media sources, South Korea plans to establish a digital asset monitor as early as June. Since the Terra ecosystem’s demise, the South...
South Korean Government to Implement Basic Law on Digital Assets in 2024
The new government of South Korea under President Yoon Seok-yeol has made plans to apply a new law on digital assets. The Digital Assets Basic...
KakaoBank Could Plan Partnerships With Crypto Exchanges
The banking and finance sector is gradually wrapping its head around the concept of cryptocurrencies. A similar phenomenon is observed in South Korea as banks...