Rumors abound that LG subsidiary, LG CNS, is the technical partner helping Bithumb develop its NFT marketplace which is set to be launched at some
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Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS
Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb
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Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions,
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Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although
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Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the
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Bithumb crypto exchange reportedly bans foreigners without mobile KYC
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges.
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