Following a deal with Shinhan Financial, the global payments giant is widening its footprint in Asia’s major crypto hub through South Korea’s …
South
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Regulation
South Korean Lawmaker Proposes Delaying Crypto Tax to 2029, Citing Infrastructure Gaps
by shayaanby shayaanA South Korean lawmaker has introduced a bill that would push back the country’s planned cryptocurrency taxation to 2029, arguing that current …
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Telegram’s built-in cryptocurrency wallet service, Wallet, has started offering Korean-language support to users in South Korea, prompting debate over whether the platform …
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Adoption
Shinhan And Visa Test Stablecoin Settlement Infrastructure In South Korea
by shayaanby shayaanShinhan Financial Group is moving before South Korea’s stablecoin rulebook gets comfortable. The Seoul-based financial holding company is testing stablecoin issuance, remittance, …
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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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Markets
Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea
by shayaanby shayaanShinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, and redemption while building new AI-powered payment models. www.coindesk.com
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Markets
South Korea trade giant POSCO brings trade receivables to Avalanche in latest tokenization move
by shayaanby shayaanThe $22 billion trading company worked with Olea and Intain on the transaction, following an Injective pilot with LG CNS last month. …
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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 …
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Regulation
Trump jets to South Carolina as fight for pro-crypto, AI-positive Congress heats up
by shayaanby shayaanThe biggest name in US politics not on the ballot this election cycle, President Donald Trump, has inserted himself into the conversation …