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South Korea: Regulators Mulling Taxing Cryptocurrency Gains

South Koreans cryptocurrency traders could soon find themselves busy doing taxes. According to a report by Decrypt published on May 30, 2020, the South Korean Ministry of Strategy and Finance has proposed taxing profits made via crypto-fiat transactions. South Korean Regulator Eyes Taxes on Crypto Profits In a bid to bring more clarity to the country’s digital currency trading […]

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Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone

Bithumb shows interest in a 10 billion won investment into South Korea’s regulatory free zone in Busan. Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox.  Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South […]

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Major South Korean Crypto Exchange Bithumb Launches R&D Center

South Korean cryptocurrency exchange Bithumb establishes its own research and development center. South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center. According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for […]

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Alert: Cryptocurrency Exchanges Bank Accounts to Be Shut in South Africa

The First National Bank (FNB), South Africa’s second-largest retail bank, has notified leading cryptocurrency exchanges in the country including Luno, ICE3X, and VALR, that it will shut down their bank accounts, a blow to one of Africa’s active cryptocurrency trading enclave. FNB cites fuzzy regulation around virtual currencies. South Africa Leads in Cryptocurrency Adoption in […]

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South Korean Crypto Exchange CEO Jailed For 16 Years

Senior executives at a South Korean crypto exchange have been indicted in connection with a $386 million investment fraud. The news marks yet another drastic action taken by authorities in the country against cryptocurrency exchanges. Eight Crypto Exchange Execs Indicted for Fraud According to Yonhap News, a court in Seoul on Monday (November 11, 2019) […]

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New Ripple Gateway Launched By South African Exchange for XRP-based Transfers

Xago, a Cape Town-headquartered fintech firm, revealed on October 9 that it’s launching a Ripple gateway and custom-designed exchange.  As noted in the release, Xago’s exchange connects to and utilizes RippleNet, a decentralized network of banks and other financial services providers that facilitates quick and cheap cross-border transfers. Notably, the Xago exchange exclusively uses XRP, […]

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South Korean Court Sets Compensation Precedent for Cryptocurrency Exchanges

On September 27, 2019, a South Korean court made a landmark ruling concerning local cryptocurrency exchange Coinone which could affect the way exchanges function going forward.  According to local news coverage of the filing, the Seoul Southern District Court wants the exchange to cover losses that occurred due to loopholes in its security policy. In […]

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South Korea’s Upbit Becomes Latest Exchange to Delist Privacy Coins

Upbit support for monero, dash, zcash and others will end Monday, Sept. 30.

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Bitrefill bitcoin gift card service launches for South Korea

Bitrefill bitcoin gift card service launches for South Korea – CryptoNinjas Bitrefill, the crypto-based gift card marketplace platform, announced that its expansion has now reached South Korea. Available now, Bitrefill has added 24 new gift cards for South Korean users. All of the gift card products can be purchased with Bitcoin, Ethereum, Litecoin, Dash, and […]

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South Korea’s Kakao May List Its Klay Cryptocurrency on Chinese Exchange

The government may not allow the coin to trade on a domestic exchange so it will look to other countries.

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South Korea Will Take a Direct Approach to Crypto Exchange Regulations

On August 6, 2019, the Financial Intelligence Unit (FIU) of the Financial Services Commission in South Korea revealed plans to institute direct regulations on cryptocurrency exchanges, local news source Business Korea reports. Up until now, FIU has often regulated exchanges indirectly through their banks. Quoting an official with the FIU, Business Korea reported that the […]

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Bitcoin Exchanges in South Korea to come Under Direct FSC Regulatory Purview

Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses. Platforms in the country have in recent times had to adjust to a […]

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South Korea now has a crypto regulation free zone in Busan

After much deliberation and requests from the Busan government officials, the Korean central government has finally decided to make the second-largest city in South Korea a “regulation-free” cryptocurrency hub for the years to come. Everything starting from finances and ending with public transportation and tourism will experience some kind of affiliation with the blockchain and […]

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Upxide exchange begins Telegram (GRAM) token sale in South Korea

CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceUpside, a crypto services provider including cryptocurrency exchange Upxide and subsidiary of Tokyo listed company Metaps Plus, announced today it has acquired marketing rights for Telegram Messenger’s GRAM token sale in partnership with Liquid, the cryptocurrency exchange run by QUOINE Pte. Ltd. The token sale is live now […]

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Report: Bitcoin Sentiment on Crypto Twitter Low in South America

Twitter users from the US talking about Bitcoin by far dominate the discourse surrounding crypto assets on the popular social media platform. A new report states that the UK comes a close second across each of the five top digital currencies. Surprisingly, the analysis states that Bitcoin is much less popular than once thought in […]

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Is Lithuania’s New Crypto Regulation Modelled Around South Korea?

Coinspeaker Is Lithuania’s New Crypto Regulation Modelled Around South Korea? The Baltic country of Lithuania is gearing up to implement a new cryptocurrency regulation in order to take much better control over its grey area crypto market. Is Lithuania’s New Crypto Regulation Modelled Around South Korea? Continue reading at Coinspeaker

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Bitcoin scam from South Africa is reeling in $135k per day

South African media outlet The Citizens reveals that a fraud company is functioning from Ladysmith located in Kwa-Zulu Natal province. The con is appraised to attract R2 million ($135,000) every day in a town of sixty thousand individuals. According to recent reports, the South African virtual currency investment scheme has confirmed that having an in […]

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Google Trends Shows Bitcoin Is About to Explode in South Korea

South Korea has long been a key region for Bitcoin adoption. Now its government and banks are coming around, Googe Trends reveals an interesting pattern. Every day for the last week, South Koreans have been waking up with Bitcoin on their minds. Bitcoin Google Searches Show an Unmistakable Pattern Take a look at the Google […]

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What’s a Bitcoin? Brazil President Proposes a ‘Euro’ For South America

The president of Brazil, Jair Bolsonaro, blamed Bitcoin for canceling an indigenous cryptocurrency project, despite not knowing what it is. And now he’s considering a South American ‘Euro.’ Cryptocurrency To Bank Brazil’s Unbanked The 45 million Brazilian Real ($11.5 million) project planned to introduce a cryptocurrency for use by the indigenous population, who remain largely […]

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South Korean Post Teams Up With Crypto Exchange to Apply Blockchain

South Korean authorities will spend $677,000 to apply blockchain in the billing system of the national postal service. South Korea’s national postal service Korea Post is planning to apply blockchain technology to its billing system, local news agency News1 Korea reports on June 5. The initiative is a collaboration between the South Korean government and […]

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South Korea: Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

The CEO of Bithumb’s operator has revealed plans to expand to the U.S. and Japan. The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The news was reported by Cointelegraph Japan […]

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Zipmex Exchange Partners with AEC Securities Public Company with the Support of Former Chairman of Stock Exchange Thailand to Launch in South East Asia

Coinspeaker Zipmex Exchange Partners with AEC Securities Public Company with the Support of Former Chairman of Stock Exchange Thailand to Launch in South East Asia Zipmex has partnered with AEC Securities, a public listed trading and brokerage firm. Zipmex Exchange Partners with AEC Securities Public Company with the Support of Former Chairman of Stock Exchange […]

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South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes

The South Korean Supreme Prosecutors’ Office has announced the establishment of a task force to fight crypto-related crimes. The South Korean Supreme Prosecutors’ Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the largest national public […]

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