South Korea

V Global scam: South Korean prosecutors call for life sentence in $1.9B case
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22 January, 2022

V Global scam: South Korean prosecutors call for life sentence in $1.9B case

The prosecutors believe that the life sentence is appropriate given the severity of the act, which they say destroyed families...
South Korea to tax inherited and donated digital currencies starting 2022
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5 January, 2022

South Korea to tax inherited and donated digital currencies starting 2022

South Korea’s tax agency will use data from the Big Four exchanges to determine the daily average price upon which...
South Korea’s Coinone exchange blocks withdrawals to unverified wallets
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5 January, 2022

South Korea’s Coinone exchange blocks withdrawals to unverified wallets

Wallets such as MetaMask and Ledger, which don't require KYC verification, will no longer be usable on Coinone, a top...
South Korea man who mistakenly received 200 BTC will not be punished for keeping it
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30 December, 2021

South Korea man who mistakenly received 200 BTC will not be punished for keeping it

The Supreme Court ruled that since BTC isn’t a property, the man who received 200 BTC by mistake isn't guilty...
Digital currency VC Hashed under investigation by South Korea tax authority
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9 December, 2021

Digital currency VC Hashed under investigation by South Korea tax authority

While insiders at the tax agency claim the probe is related to slush funds and tax evasion, Hashed executives said...
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...