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South Korea
South Korea’s major parties clash over 20% digital asset tax
The ruling People Power Party wants to postpone the 20% tax—scheduled to take effect in January 2025—to 2028, while the...
Nepal cracks down on ‘crypto’ fraud; Paju City targets tax defaulters
Nepal struggles to contain the rising number of fraud cases involving the digital asset class; elsewhere, South Korea's Paju City...
Upbit’s license renewal in limbo; Hong Kong tightens VASP rules
South Korea is uncertain whether Upbit will have its license renewed due to possible KYC breaches; elsewhere, Hong Kong advises...
South Korea tests digital vouchers, blockchain for item recovery
South Korea’s central bank is partnering with half a dozen local banks to enable seamless settlement of voucher payments with...
India mulls a digital asset ban, again
In other news, in South Korea, the government is ramping up oversight over businesses that facilitate digital asset-based cross-border transfers...
Hong Kong to issue more VASP permits as South Korea tightens rules
With a new license issued to HKVAX, Hong Kong’s licensed VASPs now rose to three, and the Securities and Futures...
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