Korean banks sound alarm as altcoins volumes grow in the country
Altcoins account for over 95% of the trading volume on South Korea's largest crypto exchanges.
Updates on exchange rules, enforcement, investor trends, and Korea’s active crypto trading culture.
South Koreans in their 40s and 50s were among the strongest supporters of the upcoming crypto capital gains tax.
Cryptocurrency investing has made life changing money for many people, but the lines between investing and gambling are becoming increasingly blurred.
South Korea’s financial regulator wants to make sure that crypto-related policymakers are not abusing their positions.
The otherwise crypto-friendly country has taken on a newer tone for the sector in the past weeks.
South Korean tax authorities have tracked down crypto holdings that belonged to more than 1,500 tax evaders.
The statements come on the back of increased calls for crypto regulation in the country.