South Korea

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.

e-CNY scam investigated meanwhile S Korea gets metaverse bug

BTS’ label dreams bigger than just dominating the K-pop world — they want to digitize the IP even more.

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.

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%.

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.

South Korean presidential hopefuls lean towards delaying crypto tax to impress younger voters.

Singers and musicians are embracing non-fungible tokens, but will their non-crypto active fans buy it?

Coinswitch Kuber becomes unicorn meanwhile Australians reminded over crypto tax

Kazakhstan blames its newly settled crypto miners for power shortages as South Korea’s largest exchange is accused of listing faulty tokens for profits.

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.

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.

China fallout hits mining meanwhile Korea digital custody competition heats up

South Korea’s virtual asset industry is expected to withstand major regulatory reconstruction

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.

Upbit passes Korea crypto race post meanwhile P2P transactions surge in India

Black Friday for Korean exchanges while E-CNY launch in final stretch

All but four platforms in South Korea obligated to announce the suspension of their services by today.

Canaan reports record revenues meanwhile Korea says no to crypto tax delay

FTX hit by hack rumor meanwhile Korea updates crypto death note

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.

Korea crypto damage assessed meanwhile Initium’s news based NFTs sell out

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.

Korean exchanges offered lifeline while NFL bans crypto sponsorships

Deadline looms for Korean exchanges as Doge meme valuation explodes

Crypto trading platforms rush to meet a Sept. 24 deadline, hoping to comply with new rules designed to protect investors.

China’s BSN to launch in South Korea portal as Chinese Canaan secures huge mining rig orders

The multiplayer online role-playing game is widely popular elsewhere, while Korea bans play-to-earn crypto and NFT trading.

As its first international expansion, China’s Blockchain-based Service Network is launching a portal in Korea. Who are the key players, and where else in the world will BSN emerge this year?

Korea’s love for crypto continues while Crypto exchange Bilaxy hacked

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.

Korea’s new FSC chair speaks meanwhile Axie Infinity to work with governments

Korea reveals crypto exchange ‘Death Note’: DeFi investment booms

24 out of 63 digital currency exchanges in South Korea are not expected to meet new compliance requirements and will most likely be shut down in less than a month.

K-pop superstars Brave Girls, Se7en and A.C.E. are among the latest to jump on the non-fungible token bandwagon. Are fans buying it?

Payment for listings raises questions over integrity of cryptocurrencies’ credit scores as compliance deadline nears.