south korea

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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 author_nan

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: 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...

South Korean Finance Minister Reaffirms Cryptocurrency Tax Plans

18 Jun 2020 1 minute read 0 comments Kluma

On June 17, speaking to the Finance Committee of the Parliament, South Korean Finance Minister Hong Nam-ki announced that a cryptocurrency tax would be introduced in the country. Local news agency Korea JoongAng Daily reported that next month, the Mi...

South Korean P2P Exchange Behind Last Week's Enormous Ethereum Transaction Fees

18 Jun 2020 1 minute read 0 comments author_nan

The Ethereum (ETH) network experienced two anomalous transactions last week that sparked a rise in transaction fees, with the transaction senders being unidentified. However, yesterday on June 17, South Korean peer-to-peer cryptocurrency exchange Goo...

North Korea Destroys Joint Liaison Office with South Korea in Kaesong

16 Jun 2020 1 minute read 0 comments AverageVancouverite

Just hours after the Democratic People's Republic of Korea (DPRK) renewed military action threats at the border with South Korea, the DPRK demolished a joint liaison office in the border town of Kaesong. The site was originally opened in 2018 on the...

South Korea's Largest Blockchain Infrastructure Provider takes on more Regional Government Projects

4 Jun 2020 6 minute read 2 comments DecentralizeCrowd

There are a number of competitive blockchain-focused projects in South Korea which have weathered the test of time thus far to continuously offer unique products and services. This east asian nation is known for their deep interest in blockchain tech...

Over 250 South Korean Schools Close Again After Covid-19 Spike

29 May 2020 1 minute read 0 comments AverageVancouverite

The South Korean Ministry of Education announced that due to the largest spike of Covid-19 Coronavirus cases in about 2 months, 251 schools in the city of Bucheon have been forced to close while another 117 schools in the neighboring capital city of...

CBDCs Accelerate: South Korean Central Bank Publishes Digital Money Report

22 May 2020 1 minute read 0 comments DHEagle

South Korea's central bank has released its analysis report on the central bank digital currencies (CBDC). The report shows that central banks around the world are turning to CBDCs due to advances in blockchain technology. Blockchain developments aff...