Samsung is considering the launch of a crypto exchange in South Korea. The firm’s investment arm is trying to launch an exchange a second time after stopping its initial plans due to a lack of key tal...
Tag: South
Former South Korean Deputy Minister Yong-beom Kim Joins Blockchain Research Institute
Yong-beom Kim, former first deputy minister of the Ministry of Planning and Finance of South Korea, will join Hashed Open Research, a blockchain and digital technology research institute, as CEO. Yong...
Crypto accounts for most foreign exchange violations in South Korea
Financial crimes using cryptocurrencies are on the rise in South Korea. About 75% of violations of the country’s Foreign Exchange Transactions Act so far this year involved crypto, according to a repo...
South Korea Will Shut Down 16 Unlicensed Foreign Cryptocurrency Exchanges – crypto.news
The Financial Intelligence Unit (FIU) has informed law enforcement agencies of 16 overseas virtual currency enterprises accused of breaking the Specific Financial Information Act by conducting undiscl...
South Korea’s Yong-beom Kim Joins Hashed Open Research as CEO
South Korea’s First Vice Minister at the Republic of Korea Ministry of Strategy & Finance joins Hashed Open Research (HOR) as CEO. Hashed Open Research is a blockchain and digital technology resea...
Samsung Slates Crypto Exchange Launch in South Korea for 2023: Report
Samsung’s investment arm is eyeing the launch of its own cryptocurrency platform, South Korean media reported on Monday. Samsung Securities is one of seven domestic brokerages looking to start operati...
Binance Enters South Korea To Push Adoption, But There’s A Catch
The world’s largest crypto exchange Binance’s expansion into South Korea is largely awaited by the community. While the expansion is yet not clear, Binance has signed an MOU with the South Korean city...
South African Cryptocurrency Ownership Rate at 10% — Report – Featured Bitcoin News
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that ...
South Korea’s Former Vice Minister of Economy Becomes the CEO of a Blockchain Institute
Yong-beom Kim – First Vice Minister of South Korea’s Ministry of Economy and Finance from 2019 to 2021 – will join the blockchain and digital technology research institute Hashed Open Research as its ...
Former South Korean Finance Minister Joins Hashed Research as CEO
First Vice Minister of Economy and Finance Kim Yong-beom Hashed, the South Korean blockchain investment firm, has scored a coup with the appointment of the country’s former First Vice Minister of Econ...
South Korean companies plan to set up crypto companies in early 2023
Some of the largest companies in South Korea, including Samsung and Mirae Asset Securities, are planning to set up cryptocurrency exchanges next year. The companies are paying attention to the buzzing...
Rand outlook as South Africa inflation soars
The USD/ZAR price tilted upwards on Wednesday after the latest South Africa consumer inflation data. It rose to a high of 17.05, which was a few points below this month’s high of 17.14. It has rallied...
South Korea to impose tax on virtual airdrops
South Korea Ministry of Strategy and Finance has made a new revelation about virtual Airdrops. The Ministry disclosed that Airdrops might also attract gift tax. This development manifested when attend...
Samsung All Set to Launch Bitcoin and Crypto Exchange in South Korea in 2023
The recent development of conventional firms thinking big in the crypto industry complies with the president’s smoothening down of regulations and mandates. In a Twitter post on the 22nd of August, Bi...
South Korea to Introduce 10%-50% Gift Tax on Crypto Airdrops
The Ministry of Strategy and Finance of South Korea announced on Monday that hard-forked tokens, staking rewards, and crypto airdrops will be subject to gift tax under the country’s Inheritance ...
South Korean financial majors want to create virtual assets exchange in 2023: Report
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publicati...
South Korean Brokerages Looking to Open Crypto Exchanges Despite Terra (LUNA) Collapse
Seven of the largest brokerages in South Korea have started proceedings that will enable them to open digital currency exchanges in the first half of next year. The large domestic expansion companies ...
Samsung Working on South Korean Crypto Exchange
Key Takeaways Samsung and other members of the Korea Financial Investment Association are constructing a crypto exchange. The major financial firm Mirae Asset Securities is also involved. Other partic...
South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax
The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws. Gift tax has to be paid when free virtual ass...
Samsung Securities Plans To Open Crypto Exchange in South Korea
16 seconds ago | 2 mins read Exchange News Only two of the seven companies were uncovered by the research. Mirae Asset Securities has launched a new division under its sister firm. From rapidly sketch...
South Koreans To Pay 10-50% Gift Tax On All Crypto Airdrops – crypto.news
After postponing the implementation of the tax on digital assets, the South Korean government has turned its attention to crypto airdrops. The South Korean authority has decided to impose a gift tax o...
South Korea to Impose 10-50% Gift Tax on Crypto Airdrops
The Ministry of Strategy and Finance of South Korea has announced that crypto airdrops, staking rewards and hard-forked tokens will be subject to gift tax under the nation’s Inheritance and Gift Tax A...
South Korea to Apply Gift Tax to Crypto Airdrops
South Korea has imposed a tax on cryptocurrency airdrops received by citizens. According to local reports, anyone who benefits from a crypto airdrop in South Korea is required to pay a specific amount...
South Koreans To Pay A Hefty Gift Tax On Crypto Airdrops
As the use of crypto assets increases, different jurisdictions create laws to govern their applications and controls. Some rules are connected to various aspects, with regulations and taxation taking ...
South Korea: Crypto-airdrops might soon be subject to Gift Tax
According to a report by South Korean news agency Yonhap News, virtual asset transfers for free are subject to gift tax. This, as per the guidance of the Ministry of Strategy & Finance in the coun...
South Korea Levies Significant Gift Tax on Crypto Air Drops
16 mins ago | 2 mins read Bitcoin News Free transfer of assets is considered a “gift” under the Inheritance and Gift Tax Act. In South Korea, a gift tax must be paid on any asset with a monetary value...
South Korea mulls gift tax on airdrops, staking rewards, and hard-forked tokens
Despite postponing crypto gains tax to 2025, the South Korean Ministry of Strategy and Finance has today declared that virtual asset airdrops, hard forked tokens, and staking rewards will be subject t...
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korean officials have interpreted existing laws to mean crypto airdrops may be subject to “gift tax,” according to local media outlet Yonhap News Agency (YNA). Officials at the Ministry of Strat...
South Korea to Impose 10–50% Gift Tax on Crypto Airdrops
The South Korean government will impose a gift tax on crypto airdrops, with the tax rate ranging from 10 to 50%. Regulators will examine the airdrops on a case-by-case basis. South Korea’s government ...
South Koreans Will Have to Pay A Heavy Gift Tax on Crypto Airdrops
As per the latest reports, the Ministry of Strategy and Finance is looking to introduce a new gift tax on airdrops for crypto assets. Earlier today, August 22, the ministry was responding to a tax law...