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...
Tag : South Korea
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...
Candidate of Finance Minister for South Korea Wants a Regulatory Framework for Crypto Before Imposing Taxes
Over the past few months, South Korea is pursuing the crypto industry more vigorously. Previously, there were calls for the regulation of crypto and its...
South Korea invests 186 million to lead the metaverse industry
The modern world is moving at a fast pace. Waves of digitization have revolutionized the way we perceive today’s globe. New concepts and ideas like...
Companies in South Korea hold more than 10 Billion Won in cryptocurrencies
Following the South Korean lawmakers’ support for cryptocurrencies, many companies have added cryptocurrencies to their holdings. South Korea lawmakers view the crypto and blockchain industry...
South Korea to Use Blockchain Voting in Apartments
As the blockchain furor in South Korea proceeds, the legislature is taking the innovation to the lodging division by promising $1.27 million to the reason....
South Korean Exchange, Bithumb Shares Seized in Third Raid This Month
South Korea’s biggest digital money trade Bithumb has been struck by the Seoul Metropolitan Police for the third time this month, as indicated by a...
South Korea To Incorporate Blockchain for Track and Trace to Aid Tourism
An ongoing declaration expressed it is obligatory for guests on the Korean get-away island, called Jeju island, to introduce a blockchain coordinated contact following application,...
South Korea To Impose Cryptocurrency Income Tax of 20%
The South Korean government has declared a 20% tax rate for money created from cryptocurrency exchange. Following a Tax Development Review Committee meeting on July...