South Korea | ForkLog

ForkLog 27 19.04.2021

South Korea to tighten controls over illicit cryptocurrency transactions

South Korea's regulators will join forces to combat illicit transactions in digital assets.

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ForkLog 13 07.04.2021

Kimchi premium on Bitcoin in South Korea narrows to 9%, then rebounds to 15%

The Kimchi premium on South Korea's crypto exchanges relative to global values halved as Bitcoin's price fell. The so-called Kimchi premium later rebounded to 15%.

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ForkLog 17 05.04.2021

Bitcoin price on South Korean exchanges reaches $66,500 in local currency

Bitcoin price on local South Korean exchanges Bithumb and Korbit rose to $66,500 in USD terms, and the so-called 'kimchi premium' exceeded 15%.

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ForkLog 5 02.04.2021

South Korea’s authorities sold seized bitcoins for $10.8 million

South Korea's prosecutors raised more than $10.8 million from the sale of assets seized from a convicted criminal in Bitcoin.

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ForkLog 18 23.03.2021

OKEx to close Korea branch

The cryptocurrency exchange OKEx warned South Korean users about the closure of the local branch. The company did not specify the reason.

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ForkLog 11 23.03.2021

South Korea tightens oversight of the cryptocurrency industry

As of March 25, companies involved with digital assets in South Korea are required to comply with anti-money-laundering requirements, according to the Financial Services Commission (FSC).

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ForkLog 15 22.03.2021

Naver Eyes Stake in Bitcoin Exchange Bithumb

The South Korean internet giant Naver has begun talks to acquire a stake in the cryptocurrency exchange Bithumb, according to Maeil Business Newspaper citing several unnamed sources.

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ForkLog 10 15.03.2021

South Korean miners face liability for illegal import of mining equipment

South Korea's customs reminded miners to declare imported Bitcoin-mining equipment as shipments rise. Kyungin Ilbo reports.

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ForkLog 8 10.03.2021

South Korea’s oldest bank develops blockchain platform for a CBDC

Shinhan Bank, in partnership with LG Corporation's IT division, has created a pilot blockchain-based platform for the national digital currency (CBDC) as part of preparations for its launch by the Bank of Korea, Yonhap reports.

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ForkLog 12 10.03.2021

South Korea’s financial regulator to revise fines regime for bitcoin exchanges

The Financial Services Commission of South Korea (FSC) proposed a new supervisory regime for virtual asset service providers (VASPs) in connection with the March 25, 2021, effective date of the amended Act on Reporting and Use of Financial Transaction Information.

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ForkLog 11 09.03.2021

Media: Bithumb to block users from high-risk jurisdictions

South Korean bitcoin exchange Bithumb has introduced new restrictions as part of its anti-money-laundering policy. The Korea Herald reports.

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ForkLog 26 01.03.2021

South Korea to impose capital gains tax on cryptocurrency trades from 2022

The Ministry of Economy and Finance of South Korea has determined the timing for the introduction of a capital gains tax on cryptocurrency transactions. The changes will take effect on 1 January 2022, The Korea Herald reports.

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#South Korea