South Korea

South Korea Reportedly Pushes for 2-Year Postponement on Crypto Taxation

South Korea's People Power Party plans to postpone the cryptocurrency tax, aligning with their campaign pledges for the upcoming elections.

2 months ago

South Korean Crypto Exchanges Report Nearly 50% Surge in Suspicious Transactions in 2023

South Korea's FIU reported a record-high number of crypto transactions suspected of involvement in money laundering, market manipulation, and drug…

2 months ago

Bithumb Rockets to All-Time High in Korea: Claims 72% Market Share Over Upbit

Bithumb, the second-largest cryptocurrency exchange in South Korea, is embroiled in a heated rivalry with Upbit, which holds the top…

3 months ago

Life Imprisonment for Korean Crypto Criminals Who Steal More than This Amount?

Depending on the weight of the offense, individuals who make illegal profits of more than five billion won may be…

3 months ago

South Korean Prosecutors Arrest Haru Invest Executives Over Embezzlement Allegations (Report)

The arrest comes just one day after Haru posted a "no information" update.

3 months ago

Change of Heart: South Korea to Discuss Spot Bitcoin ETFs With US SEC (Report)

The South Korean government initially reaffirmed its commitment to maintaining the ban on crypto ETFs despite the SEC’s approval of…

3 months ago

Bithumb Bitcoin Trading Skyrockets to Nearly $3 Billion in January, Leaving Upbit in the Shadows

Bitcoin trading on Bithumb reached an impressive $3 billion, while Upbit faced challenges with its volume remaining below $1 billion.

3 months ago

South Korean Government May Soon Rethink the Hostility of Bitcoin ETFs: Report

The newly appointed South Korean Presidential Chief of Staff urged the FSC to consider allowing investment vehicles like the spot…

3 months ago

Korean ‘Kimchi’ and Coinbase Premiums Indicate Possible Bitcoin Correction

The Korean premium and the Coinbase negative premium indicate a likely short-term correction in Bitcoin's value.

4 months ago

South Korea Maintains Stance Against Crypto ETFs Despite US Spot Bitcoin ETF Approval

According to the FSC, South Korea maintains strict regulations on crypto to stabilize the financial market and protect investors.

4 months ago