Category: South Korea

Blockchain Platform to Allow Users to Trade Gold for Virtual Currencies

A company is creating a blockchain ecosystem where gold can be traded for virtual money, and it has established a partnership with a major Korean exchange #SPONSORED

August 1, 2018
Korean Shipwreck ICO Under Investigation for Possible Fraud

A South Korean treasure-hunting company called Shinil Group recently made headlines across the world once they announced an ICO after making the big discovery of a sunken Russiani battleship carrying gold worth $130 billion. Team members from the company posted a YouTube video on July 16th showing how they were able to allegedly find wreckage of the…

August 1, 2018
South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies. Also read: Yahoo! Japan Confirms…

July 31, 2018
Korean Authorities Investigate Alleged Crypto Scam That Promised Investors Shipwreck Gold

South Korean authorities are investigating a possible crypto scam by a Seoul-based firm, which promised to pay investors in treasure from a sunken Russian shipwreck

July 31, 2018
Korean Officials Probe Shipwreck ICO for Possible Fraud

Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported.

July 31, 2018
Media: Crypto Exchange Huobi’s OTC Trading Platform to Support India Rupee Transactions

Huobi, currently the world’s third largest crypto exchange by daily trade volumes, is set to support Indian rupee transactions on its proprietary peer-to-peer trading platform

July 30, 2018
Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.

July 30, 2018
Korea is Pushing Positive Crypto Legislation: What Happens After it’s Passed?

The government of South Korea is hurrying the finalization of the country’s first crypto and blockchain legislation, to recognize the cryptocurrency and blockchain sector as legitimate industries. What it Means For Crypto As CCN reported, local financial authorities initially disclosed their intent to regulate the cryptocurrency market with stricter but more comprehensive regulatory frameworks to…

July 29, 2018
Russian Shipwreck and ‘Treasure’ Linked to Crypto Exchange

A South Korean firm claimed to have found the wreck of a Russian warship sunk in 1905 with $130 billion worth of gold on board. The cruiser and its treasure are linked to a crypto exchange and token which the firm reportedly promised to distribute to anyone signing up with the exchange. As the country’s…

July 28, 2018
South Korean Regulator Presses Lawmakers to Pass Crypto Bill Urgently

South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at crypto exchanges. There are currently several crypto-related laws pending at the National Assembly. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Law Urgently Needed South Korea’s top financial regulator,…

July 27, 2018