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Just 10 Korean crypto exchanges have registered with the government ahead of deadline

Oluwapelumi Adejumo · 2 days ago · 2 min read

Korean Finance Minister vows crypto taxes starting 2022

South Korea’s Minister of Strategy and Finance Hong Nam-Ki said that the planned law on taxing cryptocurrencies will come into effect at the beginning of next year.

Andjela Radmilac · 1 week ago · 2 min read

42 altcoins face crisis as Korea set to close 75% of all its crypto exchanges

Extensive investor losses are expected as roughly two thirds of South Korean crypto exchanges struggle to meet toughened registration rules.

Ana Grabundzija · 2 weeks ago · 2 min read

33 face heat in Korea over alleged $1.48 billion in crypto transfers

Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today.

Liam Frost · 3 months ago · 2 min read

50 Korean crypto firms apply for new licenses as strict regulation looms

Fifty crypto businesses based in South Korea have applied for a license under the new Information Security Management System (ISMS), a government-backed certification that certifies companies that meet stringent standards of data protection and privacy.

Shaurya Malwa · 3 months ago · 2 min read

South Korea bans crypto executives from trading on their own platforms

South Korea’s Financial Services Commission (FSC) announced restrictions for executive employees and exchange operators, preventing them from trading on their own platforms.

Ana Grabundzija · 4 months ago · 2 min read

South Koreans lost $5 billion to crypto crimes in the past four years

South Korean police arrested 14 people involved in a cryptocurrency fraud case totaling $3.5 billion earlier this month, bringing the country’s losses to $5 billion in the last five years, reported the South Korean daily newspaper Hankyoreh on the 26th.

Ana Grabundzija · 4 months ago · 1 read

Korean students say crypto trading gives them stress, causes insomnia

Blinded by the promise of fast cars, luxury hotels, and stacks of dollar bills, young Koreans turned to crypto trading as a means of building wealth but ended up with the exact opposite, reports local daily The Korea Times.

Shaurya Malwa · 4 months ago · 2 min read

Korean banks sound alarm as altcoins volumes grow in the country

The Korea Federation of Banks (KFB) has recently urged its members to estimate the total number of altcoins their crypto exchange clients are offering to measure risks associated with them, local outlet The Korea Herald reported yesterday.

Liam Frost · 5 months ago · 2 min read

Korean crypto exchanges could face harsh laws if new proposal is passed

The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today.

Liam Frost · 5 months ago · 2 min read

Dogecoin volumes in Korea exceeded those of its entire stock market yesterday

South Korean crypto exchanges processed more Dogecoin trades yesterday than the average volume of stocks traded on the country’s traditional exchanges, data from multiple sources shows.

Shaurya Malwa · 5 months ago · 2 min read

54% of Koreans say they support crypto taxes

A new survey in South Korea has shown that 53.7% of respondents support the upcoming implementation of capital gain taxes on profits from crypto trading, local outlet Yonhap News Agency reported today.

Liam Frost · 5 months ago · 1 read

Young Koreans hooked on Bitcoin trading sparks “crypto addiction” fears

An article today from the leading South Korean newspaper Chosun Ilbo detailed the phenomenon of obsessive Bitcoin tracking and mentioned the impact of price fixation on the lives of young Koreans, even to the point of interfering with their work commitments.

Samuel Wan · 5 months ago · 2 min read

Korea’s financial watchdog orders employees to disclose crypto holdings

The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo, has ordered the regulator’s employees involved in digital assets-related policymaking to disclose their crypto holdings by May 7, local outlet The Korea Times reported today.

Liam Frost · 5 months ago · 2 min read

Korea weighs delaying crypto taxation laws to appeal to young voters

South Korean officials are in talks to delay a crypto taxation law scheduled for later this year, as per a report by local daily Hankyung today.

Shaurya Malwa · 5 months ago · 2 min read

Korean tax officers seize $22M in crypto directly from exchange accounts

South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday.

Liam Frost · 5 months ago · 2 min read

Korean minister says all 200 crypto exchanges in the country face a risk of closing down

Eun Seong-soo, chairman of the Finance Committee in South Korea, said this morning that over 200 cryptocurrency exchanges at the risk of being closed down in September this year if they fail to follow the relevant regulations, as per a report on leading local outlet Chosun.

Shaurya Malwa · 5 months ago · 2 min read

South Korea aims to “pay special attention” to Bitcoin and crypto transactions

South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today.

Liam Frost · 5 months ago · 2 min read

Edge

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?

A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week.

Shaurya Malwa · 6 months ago · 2 min read

Edge

What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

Bitcoin is trading at nearly $66,000 in South Korea.

Shaurya Malwa · 6 months ago · 2 min read

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Latest Korea Blockchain News

Korean Finance Minister vows crypto taxes starting 2022

42 altcoins face crisis as Korea set to close 75% of all its crypto exchanges

33 face heat in Korea over alleged $1.48 billion in crypto transfers

50 Korean crypto firms apply for new licenses as strict regulation looms

South Korea bans crypto executives from trading on their own platforms

South Koreans lost $5 billion to crypto crimes in the past four years

Korean students say crypto trading gives them stress, causes insomnia

Korean banks sound alarm as altcoins volumes grow in the country

Korean crypto exchanges could face harsh laws if new proposal is passed

Dogecoin volumes in Korea exceeded those of its entire stock market yesterday

54% of Koreans say they support crypto taxes

Young Koreans hooked on Bitcoin trading sparks “crypto addiction” fears

Korea’s financial watchdog orders employees to disclose crypto holdings

Korea weighs delaying crypto taxation laws to appeal to young voters

Korean tax officers seize $22M in crypto directly from exchange accounts

Korean minister says all 200 crypto exchanges in the country face a risk of closing down

South Korea aims to “pay special attention” to Bitcoin and crypto transactions

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?

What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

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