A bill introduced in South Korea’s National Assembly seeks to include virtual assets and certain overseas financial assets when calculating income for …
South
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Finance
South Korea’s $518 billion AI chip push shows crypto is still losing the capital race
by shayaanby shayaanSK Hynix has become the dominant supplier of those chips, a position that made it South Korea’s most valuable listed company this …
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Regulation
South Korea Delegation Meets U.S. SEC to Narrow Crypto Regulation Gap
by shayaanby shayaanA South Korean government delegation has met with the U.S. Securities and Exchange Commission (SEC) to discuss reducing differences in cryptocurrency regulations …
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South Korea’s Financial Intelligence Unit (FIU) informed the Financial Action Task Force (FATF) about the increasing gaps in regulation regarding crypto transfers …
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Regulation
South Korea’s Ruling Party Engages Solana Policy Institute on Digital Asset Law Reform
by shayaanby shayaanSouth Korea’s ruling Democratic Party is taking a concrete step toward shaping the next phase of the country’s digital asset regulations by …
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Preliminary data released Monday showed South Korea’s exports climbed 60.4% from a year earlier for the first 20 days of June. So …
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Regulation
South Korea to Grant Upbit Operator Dunamu Access to Government Administrative Data
by shayaanby shayaanThe South Korean government is moving forward with a plan to grant Dunamu, the operator of the country’s largest cryptocurrency exchange Upbit, …
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Regulation
South Korea arrests 23 over USDT laundering for Cambodian fraud network
by shayaanby shayaanSouth Korean authorities have dismantled an alleged cryptocurrency laundering operation that moved 16.8 billion won ($11.1 million) through $USDT transactions and exchange …
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Regulation
South Korea’s Finance Ministry Classifies Tokenized Stocks as Securities, Taxation Could Begin in H2
by shayaanby shayaanSouth Korea’s Ministry of Strategy and Finance has indicated that tokenized stocks are currently classified as securities under existing law, a position …
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Regulation
South Korea Police Crypto Custody Bid Draws Fire for Favoring Large Exchanges
by shayaanby shayaanThe National Police Agency of South Korea has launched its fourth attempt to secure a custodian for managing seized virtual assets, but …