South Korean Police Officers Banned From Buying Cryptocurrency

South Korean Police Officers Banned From Buying CryptocurrencyA recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. South Korea to Penalize National Police Agency Officers Who Fail to Disclose Crypto Holdings Officers with […]

South Korea to Impose a 20% Tax on Crypto Mining Activities

South Korea to Impose a 20% Tax on Crypto Mining ActivitiesThe cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published by Donga, miners should be accountable for paying […]

South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud

South Korea Police Raid a Crypto Exchange Allegedly Involved in a $214m Multi-Level Marketing FraudAuthorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors. Masterminds Could Have Defrauded Over 40,000 People According to Yonhap, police […]

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll FindsOpponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a […]

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 […]