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Koreas
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Regulation
South Korea’s FSC Says Digital Asset Basic Act Nears Completion Ahead of 2027 Crypto Tax
by shayaanby shayaanLicensing, Stablecoins and Legal Definitions South Korea’s landmark digital asset framework is close to final text, according to the country’s top financial …
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Markets
Bitcoin, Korea’s Kospi and Nasdaq futures rally as China GDP beats estimates
by shayaanby shayaanBitcoin, Nasdaq futures and Asian stocks rally as stronger-than-expected China GDP and falling oil prices lift risk appetite. www.coindesk.com
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Finance
South Korea’s tokenization architects want crypto taxes postponed again
by shayaanby shayaanBoth parent laws, due to kick in from February 4, 2027, will expand the scope of tokenization in the country. The current …
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Finance
South Korea’s Eugene Investment tests stablecoins for securities settlement
by shayaanby shayaanEugene Investment & Securities has signed an agreement with blockchain company BEATOZ to test stablecoin settlement for tokenized securities subscriptions, targeting an …
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Finance
South Korea’s On-Chain Crypto Activity Hits $10.9B in 2023, Ranking 11th Globally
by shayaanby shayaanSouth Korea’s potentially taxable cryptocurrency activity reached approximately $10.9 billion in 2023, placing the country 11th among nations analyzed in a recent …
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Regulation
South Korea’s Ruling Party to Reassess Crypto Tax Stance at Aug. 27 Workshop
by shayaanby shayaanSouth Korea’s ruling People Power Party (PPP) is set to revisit its position on cryptocurrency taxation during a workshop scheduled for Aug. …
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Regulation
South Korea’s FSC to Introduce Digital Asset Bill in September with 20% Exchange Ownership Cap
by shayaanby shayaanSouth Korea’s Financial Services Commission (FSC) is set to submit a government proposal for the Basic Digital Asset Act in early September, …
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South Korea is preparing a dedicated crime-fighting unit for crypto offenses, Japan just handed out its first new exchange license in four …
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Regulation
South Korea’s Budget Office Proposes 5-Year Crypto Loss Carryforward and Higher Tax Threshold Ahead of 2025 Rollout
by shayaanby shayaanSouth Korea’s National Assembly Budget Office has recommended allowing virtual asset investors to carry forward trading losses for up to five years …