South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes

South Korean Ruling Party Contemplates to Postpone Crypto Tax Timing in a Bid to Regain Younger VotesSouth Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax. The Democratic Party’s Expectations on Cryptocurrencies According […]

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

South Korean Government Seeks to Regulate International Remittances Related to Crypto 'Kimchi Premium'The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions. Remittances to Exploit Kimchi Premium Could Be Flagged as Money Laundering According […]

South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’

South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an 'Overheated Market'Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed. Government Seeks International Help to Monitor International Crypto Exchanges According to Chosun, the South Korean Government […]

Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading

Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicious on Unfair TradingSouth Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked Stocks in South Korea According to Yonhap, Korea Exchange (KRX), through its KRX’s Market Oversights […]

The post Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading appeared first on Bitcoin News.

South Korea To Ban Crypto Exchanges From Handling Privacy Coins

South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy […]

The post South Korea To Ban Crypto Exchanges From Handling Privacy Coins appeared first on Bitcoin News.