South Korea
South Korea’s Crypto Legal Framework Is Insufficient, Lawmaker Says
Kim Byung-wook said he believes the crypto industry is unique and different from traditional finance.
Taxing Crypto Trading Gains ‘Inevitable,' Says South Korea Finance Minister: Report
Crypto traders’ gains will be subject to 20% tax on profits over 2.5 million won (~$2,250) from January 2022.
Young Koreans Turning to Crypto as Alternative for Creating Wealth
Young employees in their 20s and 30s are reportedly leaving the workforce to pursue riches in crypto trading.
Former Bithumb Korea Chairman Handed Over to Prosecutors
The move may mean the investigation is beginning to intensify.
South Korea's Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down
Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.
Seoul Seizes Tax Dodgers' Crypto From Exchanges: Report
The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.
Bitcoin 'Kimchi Premium' Fades Amid South Korean Exchange Crackdown, Price Sell-Off
The premium measures the spread between bitcoin's price on Korean exchanges and other venues.
South Korea Kicks Off New Crackdown on Illicit Crypto Activities
The government's "special enforcement period" stems from a new crypto-related law that took effect this year.
Bitcoin Drops 6% in Korea, Shrinking the 'Kimchi Premium'
Bitcoin lost ground after Upbit suspended KRW deposits and withdrawals.
Bitcoin Analysts Say 'Kimchi Premium' Isn't Distress Signal It Once Was
Bitcoin is drawing the highest "kimchi premium" in three years, indicating retail frenzy in South Korea.
