South Korea | ForkLog

ForkLog 4 23.11.2021

South Korea to consider lifting ban on ICOs

South Korea may revise the ban on ICOs after the Financial Services Commission proposed including token sales in the Capital Markets Act. Money Today reports.

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ForkLog 18 15.11.2021

Animoca to build a K-pop–focused metaverse with Cube Entertainment

Animoca Brands, a blockchain-gaming provider, and Cube Entertainment (@cubeunited) announced a joint venture for the purposes of building a music metaverse, and issue NFTs and ecosystem tokens based on the IP rights of Cube Ent’s …

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ForkLog 8 12.11.2021

Seoul to create the world’s first urban metaverse

The Seoul metropolitan government said it intends to become the first major city to create its own metaverse. It plans to use it to welcome residents and host cultural events.

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ForkLog 8 05.11.2021

South Korean authorities exempt NFTs from cryptocurrency regulation

South Korea's Financial Services Commission (FSC) confirmed that non-fungible tokens (NFTs) generally do not fall under the definition of virtual assets and are not regulated as such, according to the Korea Herald.

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ForkLog 9 25.10.2021

South Korea’s Teachers Credit Union denies reports that it planned to invest in Bitcoin.

The Teachers Credit Union of South Korea, which manages assets of about $40 billion, plans to begin investing in Bitcoin. Korea Economic Daily reports.

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ForkLog 7 11.10.2021

South Korea’s opposition urges delay to cryptocurrency taxation

Representatives of the People Power Party in South Korea have drafted a proposal to defer the introduction of a capital gains tax on cryptocurrency trades. The Korea Herald reports this.

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ForkLog 24 04.10.2021

Upbit to halt service for unverified users

South Korean cryptocurrency exchange Upbit announced restrictions for unverified users, with service subsequently being discontinued.

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ForkLog 8 04.10.2021

South Korean authorities report rise in illicit cryptocurrency operations

From January through August 2021, the value of illicit currency operations using digital assets in South Korea reached 812.2 billion won (~$687 million). Yonhap News reports, citing the customs service.

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ForkLog 7 01.10.2021

South Korea sticks to plans to tax bitcoin traders from 2022

The government of South Korea fended off an attempt by lawmakers to delay for a year the introduction of a capital gains tax on cryptocurrency trades, according to CoinDesk Korea.

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ForkLog 17 26.09.2021

Investors value Upbit operator at $10 billion

The operator of the Upbit cryptocurrency exchange, the South Korean company Dunamu, raised about $85 million in financing. Following the round, its valuation exceeded $10 billion.

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ForkLog 13 17.09.2021

Upbit becomes South Korea’s first cryptocurrency exchange to receive regulator approval

The Upbit platform became the first cryptocurrency exchange in South Korea to receive approval from the Financial Services Commission.

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ForkLog 5 17.09.2021

South Korea Proposes Delaying Capital Gains Tax on Crypto Traders

The ruling Democratic Party Toburo in South Korea intends to pass a law that would delay for one year the introduction of the capital gains tax on cryptocurrency transactions, according to local media.

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#South Korea