Busan’s $75M Blockchain City
Busan, South Korea’s second-largest city, is embarking on an ambitious journey to establish itself as a prominent blockchain city. The city’s visionary project seeks to...
DeSpreadTeam Partners with Chainlink Labs for Web3 Adoption
South Korea, Seoul – DeSpreadTeam, a web development consulting firm, has announced a partnership with blockchain company Chainlink Labs to accelerate the adoption of Web3...
South Korea Considers Crypto Disclosure for Officials
On May 17th, the Prime Minister of South Korea expressed the view that high-ranking officials should disclose their cryptocurrency holdings as part of their assets....
Terra-LUNA case: South Korea seeks Arrest
South Korean prosecutors investigating the Terra-LUNA crisis have filed an arrest warrant against a former CEO of e-commerce giant TMON, alleging that he accepted bribes...
South Korea Govt. Clarifies Crypto Gifts Will be Taxed
The Government of South Korea had announced that it will not charge tax on virtual assets till 2025. The public welcomed this decision but there...
KuCoin Among 16 Exchanges Illegally Operating in Korea
The Financial Services Commission informed the investigative organizations regarding sixteen non-reporting institutions engaged in the exchange of virtual assets including KuCoin within Korea. The institutions...
Crypto.com Provided VASP Registration in South Korea
Crypto.com (a crypto exchange) has obtained a couple of significant licenses to legitimately run in South Korea as a Virtual Asset Service Provider (VASP) via...
The Virtual Assets’ Taxation in South Korea Delayed till 2025
South Korean authorities have delayed virtual assets’ (cryptocurrency) taxation for 2 years while considering the stagnant conditions that are engrossing throughout the market and the...