South Korea

South Korea

市场

Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool

The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space.

"Bithumb had an immediate need for Reactor to manage their hack last year, and wanted to focus on boosting their investigative skills," said Chainalysis' Maddie Kennedy. Image by Danny Nelson

政策

South Korean Lawmakers Greenlight Strict Crypto AML Bill

South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation.

The legislation may spell bad news for questionable ICOs. (Image via: Sean Pavone / Shutterstock)

市场

Why Bitcoin Mining Might Be the New Business Model for US Power Plants

South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?

Breakdown3.5-2

金融

Korean ICO Project Shuts Down, Says 'Negative Perceptions' of Crypto Made Business Impossible

Contents Protocol will refund approximately $7.5 million worth of ether back to investors.

Credit: Shutterstock

政策

South Korea Considers 20% Crypto Income Tax

Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal.

Credit: Shutterstock

政策

Bithumb Exchange Fighting Back Against 'Groundless' $69M Tax Bill

The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions.

(Primakov/Shutterstock)

金融

Binance to Launch Korean Support Center Following Investment in Local Startup

Binance has made its first direct investment in a South Korean startup as part of a deal to launch a support center in the country.

Binance CEO Changpeng "CZ" Zhao

市场

Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors

A South Korean crypto YouTuber has been assaulted at his home, soon after threats to his company's staff from investors.

Credit: Spunky's Bitcoin Broadcasting/YouTube

政策

South Korean Presidential Committee Wants to Bring Crypto Into Mainstream Finance

Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body.

South Korean president's residence (Shutterstock)

市场

Korea's Tax Agency to Withhold $70M From Crypto Exchange Bithumb

South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb.

Korean won and bitcoin