South Korea

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...
South Korea to levy the 20% digital currency tax in 2022 despite opposition
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11 October, 2021

South Korea to levy the 20% digital currency tax in 2022 despite opposition

South Korea’s Finance Minister is unflinching on the 20% tax that has become a battle ground between the government and...
South Korea’s Upbit exchange to limit withdrawals for unverified users
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9 October, 2021

South Korea’s Upbit exchange to limit withdrawals for unverified users

Following the withdrawal limits, Upbit has said it will go further in restricting trading services to verified users only, including...
South Korea bans exchange staff from trading their own tokens
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1 October, 2021

South Korea bans exchange staff from trading their own tokens

The Financial Services Commission in South Korea has issued a decree that bars staff members of any digital currency exchange...
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