Latest Posts with south korea tag

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South Korea’s Financial Body Bans Exchanges from Providing Privacy Coins

4 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

South Korea’s Financial Services Commission has ordered exchanges to stop dealing in tokens that could potentially be used for money laundering, according to a press release issued on November 2. The announcement specifically refers to “dark coins”,...

South Korea to Launch its Central Bank Digital Currency (CBDC) in 2021!

8 Oct 2020 1 minute read 0 comments MoneyLearn

South Korea's central bank, the Bank of Korea (BOK), has announced that it will launch a central bank digital currency (CBDC) pilot project next year in collaboration with major corporations and national banks. According to Seoul Shinmun and the Four...

KARD Will Come At You Like A 'GUNSHOT'

22 Aug 2020 1 minute read 0 comments doesalexx

The mixed group gears up to release their first single album "Way With Words" through DSP Media, on what could be one of their last, if not their final release, including member J.Seph (Kim Taehyung), as he may be joining the Korean military as requi...

6 Dead and Hundreds Left Homeless in South Korea Heavy Rains

3 Aug 2020 1 minute read 0 comments AverageVancouverite

Officials from the South Korean Ministry of Interior and Safety stated that torrential downpours triggered landslides and floodings across the nation, resulting in at least 6 dead, 7 missing, 6 injured, and about 360 others homeless. Local media repo...

North Korea Locks Down Kaesong Over "First Suspected Covid-19 Case"

27 Jul 2020 1 minute read 0 comments AverageVancouverite

State media from the Democratic People's Republic of Korea reported the nation's "first suspected case" of the Covid-19 coronavirus, stating that a young man who defected to South Korea about 3 years ago returned across the demarcation line back into...

South Korea plan to charge 20% in Tax coming from Crypto gains finalized.

22 Jul 2020 1 minute read 0 comments alberdioni8406

South Korea is a Crypto friendly nation with dedicated blockchain hub cities and with plan to tax gains coming from crypto on agenda since 2019 that seems to be finally concluded. The government of south Korea will tax 20% from gains in transactions...

South Korea's New Tax Laws Could Bring Crypto Taxation to 20%

14 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

On July 13, South Korea’s National Assembly proposed a bill that would impose 20% capital gains tax on cryptocurrencies, according to local media outlets. The law considers cryptocurrencies to be goods, as opposed to money. However, there are some nu...

300 of drones light up Seoul night sky with coronavirus advice

8 Jul 2020 1 minute read 0 comments Permabull

The night sky over the Han River in Seoul (Capital of South Korea) lit up with more than 300 drones performing a wonderful synchronised light display to remind their citizens of COVID-19 prevention advice.   Globally, more than 12 million confirmed...

South Korea's Major Adoption of Cryptocurrency - Use KakaoTalk as Crypto Wallet

3 Jul 2020 1 minute read 0 comments eHyun

KakaoTalk is a mobile instant messaging app like Whatsapp, WeChat, Line. It was launched on March 18, 2010 and is currently available on iOS, Android, Windows and macOS.  They operate in 230 countries in 16 different languages with user-base of 50 m...

South Korea: Economists Believe Bitcoin Taxation Is "Premature" Decision; Here's why

25 Jun 2020 2 minute read 0 comments PassionCryptodotcom

South Korean economists are unhappy with the government's proposal to tax Bitcoin and other cryptocurrencies a few days after reports have suggested it. Any "tax crypto-currency" should be deleted and not applied, has said the country's academics loc...