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South Korea suffered substantial cryptocurrency outflows in Q1, with approximately 57 trillion won (almost $40.6 billion) leaving the country. Almost half of these outflows, or a sizable fraction of them, comprised stablecoins, which indicated a further trend of users that were shifting their funds to offshore crypto exchanges. According to the data provided by Democratic […]
The war on crypto investors continues as few individuals were recently caught in a crypto scam web. A man in his 30s from South Korea has been convicted for 3 years by the 2nd Criminal Division of the Changwon District Court in Gyeongnam Province for defrauding a cryptocurrency investor out of 2.93 billion won, roughly […]
A South Korean court has temporarily halted a regulatory suspension imposed on Upbit, allowing the crypto exchange to resume new user registrations. The Financial Intelligence Unit (FIU) had earlier barred Upbit from onboarding clients, citing policy violations. However, the court granted an injunction that delayed enforcement of the ban until 30 days after the final […]
The proposed bill would require top government officials and lawmakers to declare all personal crypto holdings over $760.
The CEO of a major South Korean stock exchange is ready to embrace crypto. Covered: Korea Exchange CEO’s Comments on Crypto Crypto Adoption Surging Throughout Asia It’s a bullish day in the crypto markets after a wave of headlines covering institutional adoption hit the public today. Most notably, the CEO of Korea Exchange (KRX) wants […]
The post South Korea Is Ready To Embrace Crypto, According To KRX Exchange CEO appeared first on CryptosRus.
Find out when do you have to pay taxes on crypto gains. Discover how do taxes on crypto vary from country to country? Crypto taxes in the USA, China, India, etc.
The post When Do You Have To Pay Taxes On Crypto? All You Need To Know first appeared on StealthEX.
South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve spot bitcoin exchange-traded funds (ETFs). He stressed that currently, the impact of SEC policies on the world [...]
The post South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler appeared first on Crypto Breaking News.
Crypto policy-making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets.
The South Korean government has once more delayed the introduction of its capital gains tax on digital assets, further complicating the countrys approach to cryptocurrencies. The new tax was supposed to be implemented starting from January 2025, but it will be postponed until 2027 due to the current political situation in the country. During the […]
A creditors' meeting will be held in March, but their funds reportedly disappeared into the chaos of the FTX collapse.
South Koreas Democratic Party said increasing the tax threshold to 50 million won ($36,000) would mean only big players will be affected.
South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever, though.
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