News about SOUTH KOREA

News about South Korea

South Korea Warning on Investing in US Bitcoin ETFs Roils Stocks - Bloomberg

South Korea Warning on Investing in US Bitcoin ETFs Roils Stocks& & Bloomberg

South Korea's Warning on US Bitcoin ETFs Hits Stocks - Yahoo Finance

South Korea's Warning on US Bitcoin ETFs Hits Stocks& & Yahoo Finance

South Korea's Stance on Virtual Currency Investment and ETFs in 2024

South Korea reaffirms its prohibition of local financial institutions from owning, buying, or investing in cryptocurrencies and businesses offering crypto, including a strict ban on cryptocurrency exchange-traded funds (ETFs). (Read More)

South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums

South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Comm...

South Korea won’t allow crypto ETFs despite US approval, official says

South Korea’s Financial Services Commission (FSC) will not allow crypto ETFs despite SEC’s approval of spot Bitcoin ETFs. An FSC official says the ban on financial instutitions with regard to cryptocurrencies remains. Despite the eventu...

South Korea Proposes Ban on Credit Card Crypto Purchases

Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions. South Korea Aims to Tighten C...

South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement

South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant,...

South Korean Tokenization Startup Chooses Klaytn Over Ethereum for Gold NFTs

The Klaytn Foundation, an organization devoted to expanding the Klaytn ecosystem, announced that Creder, one of its governance council members, will launch a tokenized gold offering called Gold Pegged Coin (GPC) in January. Creder will also launch Go...

South Korea's Crypto Surge — Navigating the 'Kimchi Premium' and Massive Trade Volumes – Bitcoin News - Bitcoin.com News

South Korea's Crypto Surge — Navigating the 'Kimchi Premium' and Massive Trade Volumes – Bitcoin News& & Bitcoin.com News

South Korea’s Crypto Surge — Navigating the ‘Kimchi Premium’ and Massive Trade Volumes

Recent data reveals that South Korea’s crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for bi...

South Korea Cracks Down on Cryptocurrency, Credit Card Purchases Banned

South Korea intensifies crypto regulations in 2023, targeting illicit flows and tightening credit card use for crypto purchases. (Read More)

South Korean Gaming Giant Wemade Faces $41 Million Tax Bill for Crypto Operations

South Korean gaming firm Wemade faces a $41 million tax bill for its crypto operations, highlighting the complexities of regulatory compliance in the blockchain gaming industry. (Read More)

South Korea Aims To Ban Crypto Buying Using Credit Cards

In a bid to curb capital flight, money laundering, and potentially risky speculation, the Financial Services Commission of South Korea has proposed an amendment restricting the use of domestic crypto credit cards for purchasing cryptocurrency on fore...

South Korea Seeks Ban on Crypto Purchases Using Credit Cards

The South Korean Financial Services Commission (FSC) today (Thursday) published a legislative notice proposing a ban on cryptocurrency purchases using credit cards. If approved, the prohibitory rule will be imposed on the local citizens.No Crypto on...

South Korea excludes decentralized crypto wallets from overseas declarations

submitted by /u/dreamygeek [link] [comments]

South Korean Lawmakers Conducted $97M in Crypto Transactions in 3 Years

South Korean lawmakers have conducted crypto transactions totaling over 125.6 billion won ($97.6 million) over the past three years, according to the data revealed by the country's Anti-Corruption and Civil Rights Commission today (Friday). Inspectio...

South Korea Enacts Legislation for Public Disclosure of Officials' Crypto Holdings

South Korea has introduced new legislation requiring public officials to disclose crypto assets, aiming to improve governance transparency and address conflicts of interest. (Read More)

South Korea to Make Officials' Crypto Disclosures Public

submitted by /u/fap_fap_fap_fapper [link] [comments]

K-Pop Meets Crypto: South Koreans Bite Into The Bitcoin Mania

submitted by /u/FitScore3115 [link] [comments]

South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches

South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI. Pullix disrupts crypto exchange norms: PLX token presale, hybrid approach, and unique incentives. Governmental transparency and crypto innovation converge,...

Head of South Korea’s financial regulator to discuss crypto with Gary Gensler: Report

submitted by /u/BIPAPnLasix [link] [comments]

South Korea and U.S. Set for High-Level Crypto Regulatory Talks in January

South Korea's FSS Chief, Lee Bok-hyun, is set to meet with SEC Chair Gary Gensler in January to discuss cryptocurrency market regulation in light of global market changes. (Read More)

South Korean Crypto Traders’ Influence Jumps During Recent Bitcoin Rally

submitted by /u/madrid987 [link] [comments]

Terra founder Do Kwon appeals against extradition to South Korea and the US

Do Kwon appeals his extradition decision. Kwon’s legal battle began on June 15 with a six-month detention for extradition. The High Court recently approved requests from South Korea and the United States. In some breaking crypto news, Terrafo...

Bitcoin Premium Soars in South Korea, Trading $1,500 Above Global Norm

Based on recent data, the surge of bitcoin beyond the $41,000 mark has triggered a significant increase in trading activity originating from South Korea. Alongside this heightened volume, bitcoin is currently commanding a $1,500 premium on major Sout...

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