South Korea | ForkLog

ForkLog 14 04.11.2020

South Korea to ban anonymous cryptocurrencies

South Korea's Financial Services Commission (FSC) will ban providers of services related to digital assets from operating domestically with anonymous cryptocurrencies. The restrictions could affect coins such as Zcash, Monero and Dash.

AI translated

ForkLog 14 22.10.2020

EY, Samsung and Line consortium bids for Korea CBDC pilot

The Bank of Korea has received the first application to test its own digital currency (CBDC). The bid was submitted by a consortium led by EY's Korea arm, part of the Big Four auditing firms, The Block reports.

AI translated

ForkLog 13 12.10.2020

South Korea’s tax agency deems the $68.9 million Bithumb tax levy legitimate

The demand for an additional tax from the cryptocurrency exchange Bithumb is fully justified. This is the view of the National Tax Service of South Korea.

AI translated

ForkLog 18 07.10.2020

Bank of Korea to launch final stage of CBDC testing in 2021

South Korea's central bank will begin the final stage of testing its own digital currency (CBDC) next year, according to The Korea Herald, citing the regulator.

AI translated

ForkLog 12 22.09.2020

Media: Bithumb Bitcoin exchange put up for sale again

South Korean cryptocurrency exchange Bithumb is again seeking a buyer. The deal is being led by Samjong KPMG, Herald Corporation reports, citing sources.

AI translated

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 8 18.09.2020

Police summon Bithumb chief over fraud charges

Seoul Metropolitan Police Agency summoned Bithumb chairman Lee Jung-hoon for questioning. According to Yonhap, he is under investigation in a fraud case.

AI translated

ForkLog 9 31.08.2020

Bank of Korea to enter the technical phase of CBDC testing

The Bank of Korea will identify a potential partner to help create the systemic architecture of the central bank digital currency (CBDC). This followed the design and specification of requirements for the CBDC developer, according to The Korea Times.

AI translated

ForkLog 17 28.08.2020

Leaders of Komid exchange fail to overturn prison terms for falsifying trading volumes

South Korean court rejected the appeals of the CEO and the executive director of the cryptocurrency exchange Komid, who were accused of falsifying trading volumes on the platform. Cointelegraph, citing local media, reports.

AI translated

ForkLog 18 26.08.2020

Raids at offices of major South Korean Bitcoin exchange

One of South Korea's leading cryptocurrency exchanges, Coinbit, is suspected of inflating trading volumes by 99%. Through a fraudulent scheme, the company could have earned more than 100 billion won ($85 million), according to the local publication Seoul News.

AI translated

ForkLog 8 08.08.2020

South Korea’s state-owned bank to launch cryptocurrency custody service

One of the largest banks in South Korea, KB Kookmin Bank, plans to launch a custody service for storing and managing digital assets.

AI translated

Krzysztof Shpak 786 22.07.2020

Korea Imposes 20% Tax on Capital Gains From Crypto Transactions

South Korea’s Ministry of Economy and Finance has established a 20% income tax on cryptocurrency transactions. The new regulations have been included in the revised tax code.

Human written

Krzysztof Shpak 2906 06.04.2020

Binance Accused of Stealing $1 Million Worth of Assets: Company Denies Everything but Class Action Underway

In November 2018, Binance cryptocurrency exchange blocked an account containing almost $1 million worth of funds. Its owner accuses the site employees of embezzlement. This was initially reported to Forklog by the representatives of HackControl.

Human written

#South Korea