On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement
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South Korean banks doubled crypto transaction fee revenue in Q2
Shinban Bank, K bank and NH Nonghyup Bank reported a total revenue of 16.9 billion won coming out of partnerships with four crypto exchanges.
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Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory Deadline
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for
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South Korean regulator to reportedly shut down 11 crypto exchanges
Sources claim that several mid-sized crypto exchanges in South Korea will be unable to get approval from the FSC.
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South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
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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New rules could permit Korean gov’t to seize tax evaders’ crypto
South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their
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