South Korea

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...
South Korea ruling party united in push for digital currency tax delay
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30 September, 2021

South Korea ruling party united in push for digital currency tax delay

The Democratic Party of Korea has reached a consensus to push for a delay in the implementation of the 20%...
Majority of South Koreans support digital currency tax law: survey
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27 September, 2021

Majority of South Koreans support digital currency tax law: survey

A survey in South Korea found that only 33% of respondents oppose the new taxation regime, even as the government...
South Korea finance minister plays down calls to postpone digital currency taxation
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22 September, 2021

South Korea finance minister plays down calls to postpone digital currency taxation

The government will push through with the tax laws which will take effect early next year despite opposition from the...
Blockchain tapped to tackle carbon emission in South Korea
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12 September, 2021

Blockchain tapped to tackle carbon emission in South Korea

KT Corp, South Korea's top telecommunications company, established the platform to handle the lifecycle of the documents from its creation,...