Thursday, October 28, 2021
Home > Korean

South Korean opposition set to tackle controversial crypto tax law

Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law.According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country.As previously reported by Cointelegraph, South Korea’s crypto tax regime

Read More

Korean crypto exchange Upbit to halt withdrawals for unverified users

South Korean cryptocurrency exchange Upbit will soon halt services for unverified users.On Oct. 2 the company officially announced a set of changes to its customer verification system in compliance with South Korea’s mandatory Anti-Money Laundering (AML) requirements.According to the announcement, Upbit will start gradually limiting services for unverified users this week,

Read More

10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline – Exchanges Bitcoin News

Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for New Korean Crypto Regulations Expires Friday Registering with Korea’s Financial

Read More

BitMEX Joins Binance, Bybit in Removing Korean Language Ahead of Regulatory Deadline

BitMEX joined the ranks of crypto exchanges removing Korean language materials from its site ahead of a regulatory deadline that will likely banish dozens of exchanges from South Korea.“With the introduction of new local regulatory requirements in South Korea on 24 September 2021,” BitMEX will remove all Korean language from

Read More