Major Party in South Korea Proposes to Defer Cryptocurrency Taxation
The People Power Party, a major political party in South Korea, has proposed to defer cryptocurrency taxation for up to two years as part of a general election pledge. The…
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Spot Bitcoin ETFs Take Center Stage in South Korean Election Campaign: Report
With spot Bitcoin ETFs being all the rage, South Korea’s opposing party has a new trick in hand to garner support from the masses ahead of the general election on…
South Korea Reportedly Pushes for 2-Year Postponement on Crypto Taxation
South Korea’s ruling People Power Party is reportedly advocating for a further two-year taxation postponement on cryptocurrency investment gains, which appears to be part of the party’s campaign for the…
South Korean Crypto Exchanges Report Nearly 50% Surge in Suspicious Transactions in 2023
South Korea has witnessed a surge in crypto trading, particularly following a market recovery. Correspondingly, authorities in the country received almost 49% more alerts of potentially suspicious transactions from crypto…
Bithumb Rockets to All-Time High in Korea: Claims 72% Market Share Over Upbit
South Korea’s crypto landscape was dominated by Upbit for the longest time. However, there seems to be a shift underway as Bithumb gains momentum, gradually capturing Upbit’s market dominance. The…
Life Imprisonment for Korean Crypto Criminals Who Steal More than This Amount?
The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals by imposing higher fines and punishments for violations of…
South Korean Prosecutors Arrest Haru Invest Executives Over Embezzlement Allegations (Report)
South Korean prosecutors revealed on Monday that they had apprehended and placed under custody three executives, including its two co-chief executive officers, from the crypto yield platform Haru Invest. The…
Change of Heart: South Korea to Discuss Spot Bitcoin ETFs With US SEC (Report)
Speculation about the South Korean government rethinking its hostile stance on spot Bitcoin exchange-traded funds (ETFs) may be true, as the country’s financial regulator has officially indicated interest in the…
Bithumb Bitcoin Trading Skyrockets to Nearly $3 Billion in January, Leaving Upbit in the Shadows
In the last month, there has been a notable increase in crypto trading in South Korea. Kaiko’s latest analysis reveals a substantial surge in Bithumb’s Bitcoin volume, even though zero-fee…
South Korean Government May Soon Rethink the Hostility of Bitcoin ETFs: Report
Following its initial hostile outlook on the spot Bitcoin exchange-traded fund (ETF), the South Korean government may be giving a second thought to its stance on the financial product. This…
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