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Tag: korean

South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes

July 28, 2021 wp-bot Bitcoin News

The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to

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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

July 22, 2021 wp-bot Bitcoin News

Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has

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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges

July 18, 2021 wp-bot Bitcoin News

Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as

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Get Paid for Excrement: This Eco-Friendly Toilet Pays You in Digital Currency

July 11, 2021 wp-bot Bitcoin News

An eco-friendly toilet that pays people in digital currency for using it has been installed at a university in South Korea. The toilet is connected

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Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks

July 7, 2021 wp-bot Bitcoin News

South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats

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Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

June 28, 2021 wp-bot Bitcoin News

Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local

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Blockchain
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