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South Korea

South Korea postpones 20% digital currency tax to 2023
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5 December, 2021

South Korea postpones 20% digital currency tax to 2023

The country’s National Assembly resolved to push the tax after months of fierce back and forth between the government and...
South Korean regulator wants ICO ban reversed
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3 December, 2021

South Korean regulator wants ICO ban reversed

The vice chair of the Financial Services Commission has asked the National Assembly in South Korea to reverse the ICO...
‘Know-the-sender’ rule sparks heated debate in South Korea parliament
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18 November, 2021

‘Know-the-sender’ rule sparks heated debate in South Korea parliament

The rule would require all businesses to verify and report the identity of any user that sends them digital currencies,...
South Korea will not regulate NFTs, financial watchdog says
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9 November, 2021

South Korea will not regulate NFTs, financial watchdog says

South Korea’s Financial Services Commission is taking a cue from the Financial Action Task Force, which recently said NFTs are...
South Korea’s digital currency tax battle may reach presidential election
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24 October, 2021

South Korea’s digital currency tax battle may reach presidential election

There have been some oppositions surrounding the new income tax law, with investors accusing the government of insufficient protective measures...
South Korea unregulated digital currency forex transfers hit record high at $677M
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15 October, 2021

South Korea unregulated digital currency forex transfers hit record high at $677M

In the first eight months of the year, South Korea saw forex transfers via digital currencies hit a record high...
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