Tag: South Korea
South Korean Crypto Exchange CEO Sentenced to Four Years for Espionage Linked to North Korea
A South Korean crypto exchange CEO has been sentenced to four years in prison after being found guilty of espionage. The CEO, whose actions have raise [...]
South Korea’s Financial Regulator Warns Upbit Over KYC and AML Violations
South Korea's largest cryptocurrency exchange, Upbit, is facing a potential business suspension after being notified by the country's Financial Servic [...]
South Korea’s Crypto Market Booms as Investor Activity and Holdings Surge
South Korea's crypto market witnessed significant expansion in November, with the investor count reaching 15.59 million. Adding 610,000 new participan [...]
South Korea Proposes New Rules for Crypto Transactions to Combat Money Laundering
The South Korean government is advancing plans to amend its Foreign Exchange Transactions Act to tighten oversight of virtual asset service providers [...]
Digital Asset Protection Foundation Takes Proactive Measures for South Korea’s Crypto Industry
South Korea's Digital Asset Protection Foundation has launched an initiative to safeguard the rights and interests of crypto users. This effort focuse [...]
South Korea’s Crypto Tax Proposal Faces Delays Amid Political Disagreements
South Korea’s plans for a new tax regime targeting cryptocurrency gains have hit a significant roadblock. The National Assembly’s Strategy and Finance [...]
South Korean National Assembly Delays Session Over Crypto Tax Dispute
The South Korean National Assembly has postponed its plenary session, initially scheduled for November 26, 2024, due to a heated political debate over [...]
South Korea Intensifies Crackdown on Crypto Tax Evasion Ahead of New Tax Framework
South Korea's National Tax Service (NTS) is ramping up efforts to curb tax evasion involving cryptocurrencies. This move comes as the country prepares [...]
Paju City Targets Crypto Assets of Tax Defaulters in Pioneering Move
Paju City in South Korea’s Gyeonggi Province has announced its first initiative to sell cryptocurrencies seized from local tax defaulters. This step u [...]
South Korea Enables Crypto Exchanges to Suspend Transactions Under New Law
South Korea has introduced a new amendment to its Virtual Asset User Protection Act, allowing cryptocurrency exchanges to suspend transactions immedia [...]