Category: South Korea
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South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities According to Newspim, the 5th Investigation Team of the Seoul Metropolitan Police Agency…
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South Korea to delay new tax regime on cryptocurrencies until 2022
The postponement follows a successful lobbying campaign by local crypto advocates.
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South Korean government to delay crypto tax rules by three months
Following lobbying by the Korean Blockchain Association, crypto exchanges have extra time to implement a new tax infrastructure.
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Bithumb crypto exchange temporarily closes some offices due to COVID-19
Bithumb’s offline support center in Gangnam is closing down due to COVID-19.
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South Korea To Ban Crypto Exchanges From Handling Privacy Coins
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy…
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China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card
The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants.