South Korea finance minister plays down calls to postpone digital currency taxation
The government will push through with the tax laws which will take effect early next year despite opposition from the majority party, according to the minister.
The government will push through with the tax laws which will take effect early next year despite opposition from the majority party, according to the minister.
Digital currency exchange Huobi has secured the backing of regulators in South Korea, following the decision to award Huobi Korea an ISMS certification.
South Korea's Nonghyup Bank has announced the launch of a blockchain-based mobile identification system for commercial usage.
The Ministry of Science and Technology of South Korea will invest KRW450 billion (~$382 million) to boost blockchain research and development.
The Korea Internet Security Agency (KISA) announced that it will provide $9 million in funding to six startup companies in 2020.
Of the 21 crypto exchanges, gov’t officials said 11 have completed the short-term measures. Eight exchanges—Upbit, Bithumb, Korbit, Coinnest, Coinlink, Coinone, Coinplug, and Huobi Korea—have also improved their wallet management systems, according to South Korea government.