South Korea mulls crypto tax, lifting ICO ban
The South Korean government is looking at imposing a tax on cryptocurrencies, and regulation for initial coin offerings (ICOs).
Latest South Korea News
South Korea experiments with blockchain voting in December
South Korean government agencies have announced plans for setting up a voting system powered by blockchain, to be first used in December.
Major Korean energy supplier to deliver eco-friendly power via blockchain
South Korea’s leading energy provider KEPCO has turned to blockchain to help it deliver eco-friendly power through its next generation micro grid (MG), becoming the latest firm in the energy sector to utilize the technology.
PureBit exchange operator repents, issues refunds after exit scam
After a recent exit scam, PureBit exchange owner appears to have a change of heart and is beginning to issue refunds.
South Korea crypto exchange Zeniex folds to pressure
According to a post on its website, Zeniex exchange has reluctantly decided to close its doors due to South Korean crackdown on cryptocurrencies.
PureBit exchange pulls exit scam, runs off with almost $3M in ETH
Crypto traders using the South Korean exchange PureBit understand why Mondays are typically considered to be bad days.
Upbit makes its move into Thai, Indonesian markets
Upbit, one of the biggest cryptocurrency exchanges in South Korea, has reportedly set up a website for crypto exchanges in Thai and Indonesian languages, as part of its attempt to market its trading services to customers in the two Asian countries.
South Korea arrests five over crypto malware
The South Korean National Police Agency’s Cyber Bureau, in conjunction with local police, have arrested five cyber punks who were behind a hacking effort that targeted well over 6,000 computers.
Court slams South Korean bank accused of treating crypto exchange unfairly
A Seoul Central District Court has ruled in favor of Coinis Exchange, admonishing a major South Korean bank for cutting ties with the crypto company.
‘No issue’: South Korean banks cleared to work with crypto companies
Choi Jong-Ku, commissioner of the Financial Services Commission (FSC), said there were no particular issues that should prevent banks from servicing crypto clients.
South Korea’s FSC warns against investing in crypto funds
The Financial Services Commission warned that cryptocurrency funds and mutual funds have similar structures, which may result in investors into assuming that such funds are legal investments under the South Korea’s Capital Markets Act.
BTCC plans to expand into South Korea by November
BTCC is preparing to expand into South Korea, with plans to make an official launch by November, according to reports.