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South Korea

South Korea to delay digital currency tax law until January 2022
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26 November, 2020

South Korea to delay digital currency tax law until January 2022

Digital currency holders in South Korea have been granted an extra three months before a new taxation rule is implemented.
Bithumb shuts down Seoul office due to COVID-19
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25 November, 2020

Bithumb shuts down Seoul office due to COVID-19

The South Korean exchange cited the increasing COVID-19 infections and more stringent social distancing rules as the reasons for closure.
Huobi eyes takeover of South Korea exchange Bithumb
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20 November, 2020

Huobi eyes takeover of South Korea exchange Bithumb

Bithumb shareholders are reportedly open to the idea, which would see Huobi carrying on the business of Bithumb in South...
South Korean regulator to ban privacy coins in 2021
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6 November, 2020

South Korean regulator to ban privacy coins in 2021

Digital currency service providers in South Korea will no longer be able to support digital assets that present high money...
South Korea telecoms giant approved for digital certificate blockchain wallet
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27 October, 2020

South Korea telecoms giant approved for digital certificate blockchain wallet

The wallet is compatible with the Government24 digital certificate program, which facilitates the issuance of electronic certificates in South Korea...
South Korea banks and lawmakers call for new digital currency legislation
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13 October, 2020

South Korea banks and lawmakers call for new digital currency legislation

The National Assembly Seminar for the Virtual Asset Business Law argued the laws were needed to protect revenues and help...
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