Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea.
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Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations
The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly…
Over 60 South Korean Crypto Exchanges to Shut Down Next Week
South Korean cryptocurrency exchanges that cannot meet up with the Financial Intelligence Unit (FIU) registration exercise are mandated to inform their customers before midnight today that they will be shutting…
Bybit crypto exchange suspends services in South Korea
Amid the looming regulatory deadline in South Korea, a major crypto exchange is closing up shop in the country.
DCG-backed Korean exchange faces closure if it can’t find banking partner
South Korean crypto exchange Gopax has told users if it can't resolve its banking difficulties before a looming regulatory deadline it will need to shut down.
Korean Finance Minister vows to fight moves to delay the crypto tax code
The ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister is not for turning.
South Korean lawmaker: Delaying tax laws on crypto is ‘inevitable’
“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae.
FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea
A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are…
Majority of Korean crypto exchanges to shut down this month, insiders say
Failure to meet South Korean regulators' new requirements is expected to wipe out tens of crypto exchange operators.
Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow…