The growing cost of compliance in South Korea could push smaller crypto businesses out of the country.
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OKEx To Shut Down Korean Market Amid Stringent Laws
Crypto-facing company OKEx announced on Tuesday that it would be shutting down its operations in South Korea come April 7. The notice posted on the
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Experts say new South Korean crypto rules will create a monopolized market
Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under
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OKEx Korea crypto exchange to shut down as new reporting laws take effect
OKEx Korea announced that it’s shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday.
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South Korean internet giant Naver reportedly joins Bithumb stake race
Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange.
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South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS)
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