South Korea | ForkLog

ForkLog 10 23.04.2021

Seoul residents’ cryptocurrency worth $22m seized over tax evasion

The Seoul government seized digital currency worth 25 billion won ($22 million) from private individuals and company executives who evaded taxes.

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ForkLog 8 19.04.2021

Gamevil to become a shareholder in cryptocurrency exchange Coinone

The game developer Gamevil will acquire 13% stake in the local cryptocurrency exchange Coinone for 31 billion won (~$28 million). The Block reports, citing the local financial disclosure website.

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ForkLog 32 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 16 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 20 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 21 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 14 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 19 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 12 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 9 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 14 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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#South Korea