South Korea reaches a tentative agreement to delay a pending tax on virtual assets. Crypto investors in next-door Japan already face taxation up to 55%.
Despite the global boom of play-to-earn games, South Korea will still ban blockchain-based video games that reward cashable NFTs.
Every morning at Upbit, the nation’s largest cryptocurrency exchange, a brief and odd surge in random altcoin prices takes place. Which crypto will it be tomorrow?
A ticket to the metaverse is highly coveted in South Korea, whether it’s by an individual, a public company or a city government.
South Korean financial companies bring investors results a month after their metaverse exchange-traded funds were listed, with one fund gathering nearly $170M in net asset value.
A crypto investor in Hong Kong was rescued six days after being kidnapped earlier this month when he tried to meet a buyer offline who promised to purchase his Tether tokens.
Despite movement from both the ruling Democratic Party and the conservative party to delay the 20% virtual asset gains tax, South Korean finance minister still thinks it should start as planned for Jan. 1, 2022.
The country will follow global crypto guidelines in excluding non-fungible tokens (NFTs) from its categorization of virtual assets — meaning income from NFTs may remain untaxed in Korea.
Information Technology (IT) firms in South Korea set up shop in the realm of the metaverse, with their first step being non-fungible token (NFT) platforms.
One of Asia’s largest fintech events returns for its sixth year with a hybrid format of live and virtual sessions. Regulators, corporations and experts share what’s important now in crypto.
It’s a red light for those who bought the controversial token inspired by the Netflix mega-series Squid Game, as its developers appear to have cashed out their investments, leaving SQUID’s price to plunge 99.99%.
The wild popularity of South Korean Netflix TV series Squid Game and K-pop boy band BTS prompt parody tokens in the crypto space under circumstances that are being called into question.
South Korean mobile game developer Netmarble to create a virtual K-pop idol group under partnership with internet giant Kakao group using meta-human technologies.
A lawmaker claims authorities gave the country’s largest crypto exchange privilege in meeting government requirements.
After iron-fisted regulations closed down many exchanges, remaining trading platforms look for alternatives to transaction fees.
Conglomerates including Samsung continue to invest in blockchain and crypto startups despite a government crackdown on the industry.
An NFT art exhibition demonstrates how digital tokens can be used to promote United Nations sustainability goals.
A lawmaker claims Upbit earned hundreds of millions by listing sketchy cryptocurrencies, while the exchange rebuts that it follows fair and strict standards.
Crypto investors say virtual asset gains will be taxed on uneven grounds compared to stock capital gains.
The country sees a rise in the amount of illegal currency transactions across the border while the use of virtual assets makes it almost impossible to track down.
Mobile game company Gamevil buys a large share of crypto platform Coinone, planning to develop blockchain-based gaming.
NH Nonghyup is the third bank in South Korea to invest in a virtual asset custody service while they are prohibited from running their own.
South Korea’s virtual asset industry is expected to withstand major regulatory reconstruction
Is China’s influence over Bitcoin and the global crypto market waning? Chinese exchanges get a thrashing as decentralized exchanges get happy on clampdown news.
Around 35 virtual asset exchanges will vanish as of midnight Friday, as the country imposes new rules designed to protect consumers.
The country’s crypto industry has been turned upside down with stricter operating rules that take effect tomorrow.
Upbit can operate as a virtual monopoly as it becomes the country’s first licensed business to handle cryptocurrencies.
All but four platforms in South Korea obligated to announce the suspension of their services by today.
Financial authorities reveal an updated list of virtual asset platforms that have complied with new regulations.
The Sandbox, Animoca Brand’s subsidiary for decentralized virtual gaming, announces partnership with animation studio in Korea.
At the risk of losing billions, crypto industry officials weigh options to oppose authorities.
Smaller virtual asset exchanges ask for mercy as a deadline looms to commit to Korea’s new standards.
Only 21 out of 60 exchanges are expected to continue their services in Korea.
Crypto trading platforms rush to meet a Sept. 24 deadline, hoping to comply with new rules designed to protect investors.
The multiplayer online role-playing game is widely popular elsewhere, while Korea bans play-to-earn crypto and NFT trading.
New data shows increasing deposits made by teens in virtual currency despite new rules that may close down many platforms in less than a month.