Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for
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New Virtual Asset Protection Act Takes Effect in South Korea
South Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability.
Read moreSouth Korea's strict laws on crypto exchanges come into force
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19.
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South Korea Considers Deferring Crypto Taxation Until 2028
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards
Read moreSouth Korea’s ruling party proposes to delay crypto tax to 2028
If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule.
Read moreBinance finalizes sale of majority stake in Gopax: Report
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.
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