Tags : Korea

Bitcoin

33 face heat in Korea over alleged $1.48 billion in

Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. The individuals were caught as part of a pan-government investigation and have allegedly committed financial crimes such as fraud […]Read More

Cryptocurrency

Dogecoin volumes in Korea exceeded those of its entire stock

South Korean crypto exchanges processed more Dogecoin trades yesterday than the average volume of stocks traded on the country’s traditional exchanges, data from multiple sources shows. Dogecoin up As per local news outlet Hankyung, the average daily trading volume on the Korea Composite Stock Price Index (KOSPI)—a representative index of Korean companies—was just $9 billion […]Read More

Regulation

Korea weighs delaying crypto taxation laws to appeal to young

South Korean officials are in talks to delay a crypto taxation law scheduled for later this year, as per a report by local daily Hankyung today. The country boasts one of the highest crypto trading volumes, recently even surpassed those of its stock market, with youngsters—plagued with a slow economy and high unemployment—said to turn […]Read More

Regulation

South Korea aims to “pay special attention” to Bitcoin and

South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today. “There is a need to pay special attention to the occurrence of illegal activities using virtual assets,” said Koo Yun-cheol, head of the Office for Government Policy Coordination, […]Read More

Regulation

Why did South Korea just say ‘no’ to a Bitcoin

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week. But the […]Read More

Regulation

Crypto Trading is Now Legal in South Korea

South Korea’s parliament has officially recognized crypto trading as legal in the country. The move comes after two years of deliberations into how to develop concrete guidelines for cryptocurrencies. South Korea Legalizes Crypto Trading According to The News Asia, South Korea’s National Assembly passed an amendment to its Reporting and Use of Specific Financial Information […]Read More