Tag: South Korea

South Korea is credited as one of the main driver of the 2017 crypto boom, with volumes there exploding at the time. South Korean exchanges used to dominate, first ethereum trading volumes and then most other cryptos in the previous Crypto Boom. Since then however they’ve taken a backseat, with America thought to have driven […]

KB Kookmin, the largest bank in South Korea, is set to launch crypto custody service for assets such as bitcoin (BTC) and ether (ETH). The bank has filed a trademark application for “KBDAC” – KB Digital Asset Custody – with the Korean Intellectual Property Office, local news outlet Digital Today reported on Friday. The application, […]

South Korea said to be considering imposing a 20 percent crypto tax on all cryptocurrency transactions. South Korea Yonhap News Agency reported Monday that officials from the Ministry of Economy and Finance’s income tax office had been reviewing a new proposal that could see the country adopt a clearer regime for how it Crypto Tax. […]

According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws Crypto Profits Income Tax do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading. According to the […]

South Korean crypto exchange CoinUp CEO jailed after defrauding investors of $384 million and claiming to double their investments in two months. The CEO of South Korean Crypto exchange CoinUp has received a sixteen-year prison sentence after being found guilty of fraud. According to a report from Yonhap News, Mr. Kang-mo and several other executives […]