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South korea
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News
Korean Police Summon Bithumb Chairman for Fraud Investigation
2020-09-18T12:34:10.000+02:00
The exchange was raided three times earlier this month.
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Crackdown? South Korean Police Seize Bithumb
2020-09-02T14:15:59.000+02:00
The exchange allegedly committed fraud by issuing its native BXA tokens.
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Korean Police Seize Coinbit for Massive Crypto Wash Trading
2020-08-26T14:37:08.000+02:00
The exchange generated an income of $85 million from market manipulation.
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South Korea's Largest Bank to Offer Digital Assets Custody Services
2020-08-10T10:55:20.000+02:00
The news follows the recent announcement by the United States OCC that US banks can begin offering crypto custody services.
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News
South Korea to Charge 20% on Crypto Gains Under New Tax Law
2020-07-22T10:53:23.000+02:00
The new law will come into effect from October 1, 2021.
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Bithumb Plans to Go Public in South Korea: Report
2020-06-24T13:43:49.000+02:00
The company’s attempt to publicly list its shares on a US exchange failed last year.
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South Korea Appoints Legal Advisory to Study CBDC
2020-06-15T14:03:30.000+02:00
Bank of Korea also launched a pilot program to test CBDC.
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Analysis
Retail Forex Industry Analysis: Traders Active Like Never Before
2020-04-20T11:43:06.000+02:00
Latest data reveals the growing activity of traders in many fields
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News
Bithumb Reports $30.5 Million in Profit for 2019
2020-04-15T14:33:42.000+02:00
The exchange underwent various changes including restructuring of its business and fees.
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South Korean Central Bank Launches CBDC Pilot Program
2020-04-06T13:01:51.000+02:00
With the pilot, the regulator will access both technical and legal prospects of digital won.
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Binance to Open South Korean Exchange with BxB Acquisition
2020-03-31T09:13:57.000+02:00
The exchange will open trading services on April 4 followed by the initiation of withdrawals on April 9.
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Top South Korean Bank Plans to Offer Bitcoin Custody
2020-03-27T13:49:31.000+02:00
This might change the crypto landscape in the country.
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Regulation
South Korea Implements Further Measures to Address FX Liquidity Issues
2020-03-26T08:22:22.000+02:00
The government will loosen the foreign exchange liquidity coverage ratio for banks.
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Crypto Trading Volume Plummets Over 60% on South Korean Exchanges
2020-03-23T15:18:08.000+02:00
The country recently regulated the exchanges, mandating their exchanges to register with the KISA
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Regulation
South Korea Eases FX Derivatives Rules to Combat USD Shortage
2020-03-18T09:35:06.000+02:00
As traders flock to the USD, South Korea is trying to address the mismatches in dollar liquidity.
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South Korea Brings New Law to Legitimize Crypto
2020-03-05T14:39:16.000+02:00
This mandates licensing for operating crypto exchanges.
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News
Litecoin Foundation, MeconCash Partner for Korean Fiat Withdrawal
2020-02-28T09:25:46.000+02:00
The companies will extend their partnership in the future.
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Bithumb, BitMax Partner to Build Blockchain Infrastructure
2020-02-18T09:17:44.000+02:00
The South Korean exchange is expecting to bolster its global presence with this partnership.
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South Korean Crypto Wallet Bitberry to Shut Services
2020-02-03T11:38:58.000+02:00
The platform failed to gain financial reinforcements from its sister company.
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South Korea Considers Classing Crypto Earnings as 'Other Income'
2020-01-20T10:42:04.000+02:00
This category includes honorarium income and prize winnings.
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News
Bithumb Takes $69M Withheld Tax Dispute to Court
2020-01-16T12:11:52.000+02:00
The tribunal will have 90 days to grant or dismiss the motion.
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Upbit Upgrades ETH Wallet Security Following $50M Hack
2020-01-14T12:25:56.000+02:00
The exchange introduced new wallet addresses as the previous ones were scrapped.
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Analysis
Vanguard Joins Fee-Free Race, Bithumb Fined $69 Million: Editor’s Pick
2020-01-05T14:10:31.000+02:00
Keep up to date with the most interesting crypto and FX news stories so far in 2020.
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South Korea Won't Tax Crypto Profits
2020-01-02T11:51:25.000+02:00
A lack of definition of “virtual currencies” in the country's law has made it difficult to properly tax the earnings.
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News
Korean Tax Authority Slaps Bithumb with $69 Million in Withholding Tax
2019-12-30T10:19:28.000+02:00
The country does not have any law to access the books of crypto businesses.
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