South Korea | ForkLog

ForkLog 21 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 7 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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ForkLog 32 13.09.2021

Media: 40 of South Korea’s 60 crypto exchanges to close due to regulator’s requirements

After September 17, 40 out of roughly 60 cryptocurrency exchange operators in South Korea will cease operations due to FSC requirements. The Financial Times reports.

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ForkLog 13 06.09.2021

Korea’s largest financial group launches mutual fund focused on blockchain

KB Asset Management, the asset-management arm of South Korea’s KB Financial Group, launched a mutual fund focused on investments in blockchain companies.

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ForkLog 19 01.09.2021

BSN names first overseas portal operator

The company behind China's state Blockchain Service Network (BSN), Red Date Technology, announced the first portal operator outside the country. It was the South Korean startup MetaverseSociety.

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ForkLog 21 27.08.2021

South Korea fines Facebook for illegal collection of biometric data

The Privacy Information Protection Commission of South Korea (PIPC) fined Facebook 6.46 billion won ($5.5 million) for using and storing users' biometric data without proper authorization.

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ForkLog 17 16.08.2021

Samsung to test the digital won on its Galaxy smartphones

Samsung Electronics will participate in the Bank of Korea's project to create a pilot platform for the national digital currency (CBDC), The Korea Times reports.

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ForkLog 37 13.08.2021

Binance bans use of the South Korean won on its platform

The cryptocurrency exchange Binance has banned customers from using the South Korean won in transactions on its platform. The restrictions apply to trading, P2P trades, and deposit payments.

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ForkLog 16 12.08.2021

Ripple and GME Remittance to accelerate remittance transfers between South Korea and Thailand

One of the largest non-bank money-transfer providers in South Korea, Global Money Express Co. Ltd (GME Remittance), has joined RippleNet.

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ForkLog 16 01.08.2021

Media: South Korea’s financial regulator to halt operations of 11 Bitcoin exchanges

The Financial Services Commission (FSC) of South Korea has accused a number of local cryptocurrency exchanges of engaging in illicit activity.

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ForkLog 7 26.07.2021

South Korea to Tighten Rules on Cryptocurrency Confiscation

South Korean lawmakers proposed confiscating cryptocurrencies from digital wallets of tax dodgers. Reuters, citing the Ministry of Finance.

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#South Korea