Tag: south korea cryptocurrency regulation

Oct 04 2021

Oct 02 2021

South Korea: Government confirms taxation on crypto income amid crackdown

Oct 02 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The recent development in the South Korean crypto crackdown saw the government confirm the timeframe to begin crypto tax regulations in the country. The cryptocurrency taxation will be implemented on January 1 next year, which will impose a 20% tax on the profits of the transactions. While the Democratic Party of Korea continued to discuss The post South Korea: Government confirms taxation on...

Sep 30 2021

South Korea: Largest Crypto Exchange to start KYC verification Amid crackdown

Sep 30 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

As South Korea’s largest exchange, Upbit gets closer to acquiring its registration certification from the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC), it has announced the imposition of a stricter verification process in lieu of the updated anti-money laundering regulations. Upbit has informed its users that trade amounting to over 1 million The post South Korea: Largest Crypto Exchange to...

Sep 29 2021

South Korea Crypto: Watchdog bans VASP from trading their native tokens

Sep 29 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest development in the South Korean crypto crackdown saw the South Korean Financial Services Commission (FSC) ban Virtual Asset Service Providers (VASP) and their employees from trading their platforms’ Native tokens. The government has introduced this ban using the conflict-of-interest rule, followed by proposing a revision to the Enforcement Decree of the Act on The post South Korea Crypto: Watchdog bans VASP...

Sep 14 2021

South Korea Crypto Crackdown: FSC to Crackdown on $2.6 Billion “Kimchi” Market

Sep 14 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

South Korea’s Financial Services Commission (FSC) has announced a potential regulatory clampdown upon firms’ failure to meet the new compliance requirements by 24th September. The FSC highlighted that the inability to meet the mentioned deadline may cause the closure of 40 out of 60 exchanges in South Korea. “Huge investor losses are expected with trading The post South Korea Crypto Crackdown: FSC to...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: