Cryptocurrency Analysis and News Portal
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,
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Lawmakers in South Korea settled a long political battle on Thursday and headed off moves by the ruling party to delay the implementation of the controversial crypto tax legislation. In a meeting on Tuesday but only reported on Thursday, Finance Minister Hong Nam-ki and key Democratic lawmakers from the National Assembly,
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With North Korea, though, while you may never know what you will get, it will always be unexpected. The trip had been months in the making, the sum of much anxiety, excitement, effort and cost – and a cold Air Koryo chicken sandwich famous for its terribleness to cap it
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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
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Only ten out of dozens of crypto exchanges in South Korea have registered with local authorities before the clock runs out on them on Friday, a notice on the regulator’s website shows.In April, the country’s Financial Services Commission mandated that all virtual asset service providers in South Korea must register
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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
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BusinessThe deadline to register with South Korea’s Financial Intelligence Unit is Sept. 24, but only four exchanges have registered so far. By Cheyenne LigonSep 20, 2021 at 6:46 p.m. UTCUpdated Sep 20, 2021 at 6:46 p.m. UTCSouth Korean flag (Daniel Bernard/Unsplash) Source
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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 been cleared by the regulators to remain open. However, only four crypto exchanges have met the requirements to offer trading
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South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license.To be eligible for a license, all crypto exchanges must show evidence that they are operating using real-name
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South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023.The tax code will levy a 20% tax on income generated by
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