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Tag: South Korea

Major Party in South Korea Proposes to Defer Cryptocurrency Taxation

February 21, 2024 wp-bot Bitcoin News

The People Power Party, a major political party in South Korea, has proposed to defer cryptocurrency taxation for up to two years as part of

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Crypto Platform Haru Invest’s Top Executives Arrested for Allegedly Embezzling $826 Million

February 8, 2024 wp-bot Bitcoin News

The leadership of Haru Invest finds itself behind bars, facing allegations of defrauding 16,000 customers by embezzling hundreds of millions of dollars under the guise

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South Korea Mulls Issuing Crypto Mixing Regulations to Curb Money Laundering

January 17, 2024 wp-bot Bitcoin News

Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally.

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South Korea’s Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market

January 15, 2024 wp-bot Bitcoin News

In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their

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South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums

January 11, 2024 wp-bot Bitcoin News

South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF)

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South Korea Proposes Ban on Credit Card Crypto Purchases

January 9, 2024 wp-bot Bitcoin News

Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the

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