A new amendment to South Korea’s income tax law, which includes delaying the taxation on crypto gains by one year, was agreed upon by South Korean political parties at the National Assembly …
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Ripple (XRP) to partner with c’s leading payments service provider
GME Remittance, one of the leading companies in South Korea, has announced a tie-up with SBI Ripple Asia, a subsidiary distributed ledger company Ripple, in order to enable faster payments to Thailand. By …
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Large Korean bank intends to provide cryptocurrency custody services
Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market. The Woori Financial Group will start offering its client cryptocurrency custody services. It is among the …
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Central Bank of South Korea begins development of pilot digital currency
South Korea’s central bank on Monday said it will choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central …
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South Korea to switch course on crypto amid backlash over regulator’s remarks
Newly elected South Korean Prime Minister Kim Boo-kyum appears to be leading an embrace of the cryptocurrency sector among lawmakers, following a public outcry over disdainful comments on cryptos made …
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Bitcoin (BTC) To Hit $71,000 in South Korea as “Kimchi Premium” Goes Through the Roof
Bitcoin, the largest cryptocurrency, reached a new all-time high of 79,422,000 won ($71,000) at 5:55 a.m. UTC on the Upbit exchange in South Korea. The so-called “kimchi premium,” an indicator …
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South Korean government sells 2017 Bitcoins, making $10.8 million profit
It’s typical of government agencies to sell seized Bitcoins during bull runs; with South Korean law enforcement agencies becoming the latest entity that has sold a significant amount of confiscated …
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Morgan Stanley Bidding for South Korean Cryptocurrency Exchange Bithumb
Morgan Stanley and NYSE’s parent company Intercontinental Exchange (ICE) were revealed as interested parties in acquiring South Korea’s largest crypto exchange Bithumb. According to a South Korean media report, the …
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South Korea Tax Agency Suppresses Persons Hiding Assets Using Cryptocurrency
According to the Korea Herald on Monday (Mar. 15, 2021), the National Tax Service (NTS) clamped down on over 2,400 tax offenders who hid their assets using bitcoin and other cryptocurrencies to …
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Bithumb Bans Trade From Countries Without Anti-Money Laundering Measures
Bithumb, a South Korean cryptocurrency exchange operator, said Tuesday that it has put restrictions on crypto trading accounts held by users staying in regions that have not adopted anti-money laundering …
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