January 2022
South Korea wants to be the physical home of the metaverse
The tech-savvy nation is deemed a prime environment to grow the metaverse. What comes next, and will some be left out by a digital divide?
Korea to survey crypto assets; China hunts for CBDC talent
Korea will include virtual assets in its financial survey, while China’s central bank hunts for CBDC talents.
NFTs and music: Is the fan outcry over NFTs’ environmental impact warranted? | Part 4
K-pop fans are waging online campaigns against their favorite artists over NFTs, denouncing the technology’s carbon footprint. How polluting are NFTs?
Korea plans metaverse leadership; Russian bank proposes crypto ban
South Korea envisons itself becoming a top metaverse leader, while Russia’s central bank proposes crypto ban.
Crypto investors are being wooed in South Korea’s tight presidential election
The top contenders jockey for position on initial coin offerings and other blockchain-based innovations. How did crypto become a critical factor in the race?
Australian Open enters metaverse; Chinese university goes virtual
Australian Opens just opened in the metaverse and a Chinese university launches a virtual campus.
Korean prosecutors demand life; HK plans new crypto regulation
Korean prosecutors demand life, as HK plans new crypto regulation.
Hyundai plans Meta-Factory; Crypto divergence ahead
Hyundai plans to open a “Meta-Factory”, meanwhile crypto divergence ahead for the year 2022.
LG to follow Samsung adding NFT features to flagship TVs
The ability to display, buy and even mint NFTs is seeping into mainstream products from South Korea’s largest corporations.
CBDCs and the year that may reshape crypto markets
Top blockchain and crypto news: CBDCs at the crossroads. A token gesture from Samsung. NFTs survive in China.
Crypto is presidential election campaign issue for South Korea
In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea’s booming virtual asset space.
January 2022
Crypto in Asia: 5 top fintech regulatory stories of 2021
Countries acted to encourage — or discourage — cryptocurrency and other blockchain-based assets, sending markets wildly up and down.
Court overturns Korean Bitcoin ruling; Days numbered for SWIFT?
Court overturns Korean Bitcoin ruling, also are the days numbered for SWIFT?
Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling
An investor who received $1.25M in Bitcoin by accident will not be criminally penalized, raising questions on the legal status of cryptocurrencies.
Game company Nexon America now accepts crypto for in-game payments
Asia’s gaming giant Nexon’s US subsidiary supports cryptocurrencies for players in buying items inside its popular online games.
Crypto crash hits Korean game developers; Rug-pull red flags
Crypto crash hits Korean game developers, also how to spot Rug-pull’s red flags
South Korean regulator jumps to a crypto exchange
Experts expect more disruption as the crypto industry matures and a younger generation places different values on status and job security.
Japan’s central bank is urged to speed up its digital yen project
With economic security as a top priority, the Kishida administration anticipates the release of competing CBDCs.
K-pop agency Cube bets big on NFT and metaverse
The impresario behind superstars BTOB and (G)I-DLE tells Forkast.News there’s ‘no upper limit’ to how much Cube will invest in NFTs and a metaverse for concerts.
Crypto tax delay is a chance for South Korea to fix loopholes, experts say
Now that South Korea’s crypto tax is delayed a year, what will the final form look like? Should crypto gains be taxed like stock profits — or winning the lottery?
December 2021
South Korea and Japan grapple with how to define, and tax, cryptocurrency gains
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%.
Korea crypto tax debated; Crypto.com on a tear
Korea crypto tax debated meanwhile, Crypto.com is on a tear
Korea stands firm on NFT games; Laos introduces crypto regulations
Korea stands firm on NFT games, meanwhile Laos introduces crypto regulations
Popular NFT games made in South Korea, and banned in South Korea
Despite the global boom of play-to-earn games, South Korea will still ban blockchain-based video games that reward cashable NFTs.
Crypto market cap plunges; South Korean banks head into metaverse
Crypto market cap plunges as South Korean banks head into metaverse
South Korea’s great crypto mystery: What’s up with Upbit at 9 am?
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?
South Korea a metaverse hub; NFTs go from digital to physical
South Korea a metaverse hub, also NFTs go from digital to physical
TV home shopping in South Korea moves to the metaverse
A ticket to the metaverse is highly coveted in South Korea, whether it’s by an individual, a public company or a city government.
Metaverse ETFs in South Korea bring significant profits for investors
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.
Crypto surges on US inflation rise; Korean investors win damages
Crypto surges on US inflation rise meanwhile, Korean investors win damages