The South Korean National Assembly Research Service said in a report released on Thursday that a 20% tax on cryptocurrency gains set for 2023 must maintain a 2.5 million won ($1,940) threshold, contra...
Tag: Korean
South Korean government pushes for a faster approach to crypto regulation amid LUNA token crisis
South Korean financial authorities have launched an emergency study of cryptocurrencies, which is designed to help them pass the “Digital Asset Basic Act,” the country’s upcoming cryptocurrency regula...
South Korean President’s Promise To Increase Crypto Tax Limit Will Remain Unfulfilled
Reportedly, The South Korean National Assembly Research Service (NARS) has claimed tax on cryptocurrency gains set for 2023. It needs to maintain the 2.5 Million won limit, not 50 Million won as ment...
South Korean Exchanges Warn LUNA Investors as UST Collapse Mirrors TITAN Saga
After a dramatic 90% market crash, LUNA, trading below $5, is now deemed a “cautionary item” by the popular South Korean cryptocurrency exchange UpBit. Investors are unnerved after the embattled crypt...
Korean exchanges warn users against trading LUNA amid price slump
Since this year, Terra (LUNA) has drawn worldwide attention for its status as one of the most powerful cryptocurrencies globally, with its market capitalization growing to become the world’s seventh-l...
U.S. Treasury Sanctions Coin Mixer Allegedly Used by North Korean Hackers To Process Over $20,000,000 in Crypto
The US government is continuing to crack down on illicit crypto activity by targeting a website that it says obfuscates transaction data. In a new press release, the U.S. Department of the Treasury sa...
SoftBank Ventures Asia Leads $5.8 Million Investment In Korean Autonomous Shipping Startup
COURTESY OF SEADRONIX SoftBank Ventures Asia, the venture arm of Japanese billionaire Masayoshi Son’s SoftBank Group, led a $5.8 million round in South Korean autonomous navigation startup Seadronix, ...
China’s Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export Markets
Chinese billionaire Li Shufu controls Geely Auto, as well as Volvo Cars, Polestar and several other … [+] global brands. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Auto...
South Korean Crypto Startup Xangle Bags $17 Million in Series B Funding
Xangle, a cryptocurrency disclosure platform built by South Korean crypto company CrossAngle, has raised $17 million from industry investors in a just-concluded Series B funding. Xangle Bags $17 Mill...
South Korean president-elect’s crypto plans disappoint fintech groups: report
The Korea Society of Fintech & Blockchain (KSFB) and the Korea Digital Asset Service Provider Association (KDA) said President-elect Yoon Suk-yeol’s cryptocurrency policy proposals were disappoint...
US Treasury Imposes Sanctions on North Korean Crypto Mixer
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic People...
South Korean fintech companies not happy with President-elect’s new crypto plans
President-elect Yoon Suk-cryptocurrency policy plans have been criticized by the Korea Society of Fintech and Blockchain (KSFB) and the Korea Digital Asset Service Provider Association (KDA) for missi...
South Korean Government Holds Off On Capital Gains Tax On The Crypto Market ⋆ ZyCrypto
Advertisement     When it comes to cryptocurrencies, several governments have been keen to impose taxes without providing clear regulations for consumer protection. Ho...
South Korean fintech companies are not happy with President-elect’s new crypto plans
President-elect Yoon Suk-cryptocurrency policy plans have been criticized by the Korea Society of Fintech and Blockchain (KSFB) and the Korea Digital Asset Service Provider Association (KDA) for missi...
Treasury Sanctions Crypto Mixer Over North Korean Attacks
Key Takeaways The Treasury Department’s Office of Foreign Assets Control has sanctioned the cryptocurrency mixer Blender. The Treasury said that North Korean hackers used Blender to launder $550...
SSouth Korean President-Elect Announces Approval of ICOs
South Korean president-elect Yoon Suk-yeol, who starts his term on May 10, has announced the approval of initial coin offerings (ICOs). The move is one of the 110 national tasks he has set for his new...
Korean Finance Chief Nominee Wants Capital Gains Tax On Crypto Delayed To 2025 ⋆ ZyCrypto
Advertisement     Korea’s future Finance Chief Choo Kyung-ho mulls introducing a capital gains tax for financial investments and cryptocurrencies in 2025, Korea JoongA...
North Korean Hacker To Join Ethereum Privacy Network?
Jonathan Wu, lead of Aztec Network growth might have taken the interview of a North Korean hacker for a job. “Solidity engineer Bobby Sierra” could neither determine his skillset nor elaborate project...
Ethereum Privacy Layer Recruiter Claims to Have Interviewed North Korean Hacker for a Job
Aztec Network growth lead Jonathan Wu claims he may have interviewed a North Korean hacker for a job at the Ethereum layer two (L2) privacy protocol. North Korean hackers are notorious for pillaging b...
Ethereum’s L2 Team May Have Interviewed North Korean Hacker While Hiring: Story
Vladislav Sopov Jonathan Wu, a growth lead of Ethereum’s L2 scaling solution Aztec Network, shared his experience interviewing alleged North Korean hacker for a job Contents “The world wil...
South Korean Crypto Exec Arrested for Leaking Military Secrets to North: Report
The chief executive of a crypto exchange has been arrested in South Korea for allegedly leaking military secrets to North Korea, according to several reports. The executive is one of two individuals a...
South Korean police arrest man who stole $165,000 from CatSle NFT
TL;DR Breakdown A 26-year-old man who allegedly defrauded nine investors of $165k arrested Two South Korean nationals have been arrested for allegedly stealing military secrets. Law enforcement offic...
Man behind CatSle NFTs is arrested by South korean police
The capital of South Korea Metropolitan Police Agency’s cyber bureau has arrested a 26-year-old man for allegedly defrauding 9 investors of 210 million KRW (US$165,798) over the sale of non-fungible t...
Two Europeans were charged over a North Korean crypto scam scheme against an American
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South Korean music sharing platform will use NFTs to defend copyright
Koong World has been given a green light for NFT patents Koong World began in 2021 It distributes 80% of its earnings to artists Koong World has been granted a South Korean patent that utilizes non-fu...
South Korean Music Sharing Platform Registers NFT Music Theft Prevention Patent – Bitcoin News
A South Korean music sharing platform, Koong World, recently announced the registration of a non-fungible token (NFT)-based music theft prevention patent. Using this patent, the music sharing platform...
Iskra Blockchain-Powered Web3 Game Platform Chalked up $34 million, Led by a Korean Online Leviathan
One truth out of the numerous cocksureness concerning Web3 Games is that it has decentralized and permissionless play assets, restoring digital possession of in-game items to players. In fact, it is r...