Tag: South Korea
South Korea Considering a Local Crypto Market for Foreign Investors
Reading time: < 1 minuteSouth Korea’s chief financial regulator may allow foreign investments in the local cryptocurrency market, provided domestic exchanges have strong anti-money laundering (AML) capabilities.
South Korean Crypto Users Surpass 16 Million
Reading time: < 1 minuteThe number of crypto investors in South Korea has exceeded 16 million, narrowing the gap with stock investors in the country.
Bank of Korea Rejects Bitcoin for its Foreign Reserve
Reading time: < 1 minuteSouth Korea’s central bank has confirmed it has no plans to include Bitcoin in its foreign exchange reserves.
South Korea Imposes Temporary Sanction on Upbit
Reading time: < 1 minuteSouth Korean cryptocurrency exchange Upbit has been subjected to a partial business suspension by the country’s Financial Intelligence Unit (FIU), which temporarily restricts transactions for new customers.
Upbit Receives Suspension Order in South Korea
Reading time: < 1 minuteThe Financial Services Commission of South Korea is considering imposing sanctions on Upbit.
South Korean Government Sanctions North Korean Crypto Hackers
Reading time: < 1 minuteThe South Korean government has taken action against 15 individuals and one organization from North Korea for their involvement in illegal cyber activities, specifically cryptocurrency thefts.
BYDFi Joins CODE VASP, Advancing Regulatory Efforts in Korea
Reading time: 2 minutesSeychelles, Seychelles, 16th December 2024, Chainwire
Crypto Trading Volume in South Korea Hits $34B
Reading time: < 1 minuteSouth Korea witnessed a surge in cryptocurrency trading volume.
South Korea Will Delay Tax on Crypto Gains
Reading time: < 1 minuteSouth Korea is likely to postpone the implementation of its crypto gains tax for an additional two years.
South Korea Introduces Reporting Requirements on International Stablecoin Transactions
Reading time: < 1 minuteThe South Korean government plans to establish a monitoring system for virtual asset transactions in the second half of 2025 in order to ensure safe and appropriate trading.
