Officials intend to add rules for issuers of stablecoins to the document
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Crypto regulations
Jan 15, 2025
South Korea will present a new bill on crypto regulation in the second half of the yearOfficials intend to add rules for issuers of stablecoins to the document
Trends
Jan 6, 2025
Authorities on South Korea’s Jeju Island will launch NFT maps for touristsThe digital document will allow visitors to the province to receive discounts and subsidies
Business
Dec 20, 2024
CryptoQuant CEO: South Korea’s financial problems may force cryptocurrency businesses to go overseasCapital outflows could further destabilize the local financial system, making the country less attractive to international investors
Crypto regulations
Nov 25, 2024
Korean regulator head has rejected the idea of creating a BTC reserve in the near futureThe Financial Services Commission will monitor other countries’ reactions to Donald Trump’s similar initiative
Crypto regulations
Nov 20, 2024
South Korean Parliament will consider the implementation of a tax on crypto income from 2025The levy on incomes over 2,5 million Korean won was 20%
Crypto regulations
Nov 18, 2024
Another city announces the confiscation of cryptocurrencies of tax debtors in South KoreaAccording to local media, cryptocurrencies have become a popular means of tax evasion
Market
Nov 15, 2024
Korea’s largest exchange Upbit was suspected of violating AML rulesThe exchange allegedly allowed users who provided inappropriate-quality ID pictures to trade
Crypto regulations
Oct 25, 2024
Korea’s exchanges will be required to hand over crypto transaction data to tax and financial regulatorsThe initiative would introduce a definition of virtual assets into the Foreign Exchange Transactions Act
Crypto regulations
Sep 26, 2024
Korea’s regulator fined Worldcoin $830 000 for data collection violationsOfficials allowed the project to continue operating in the country provided the violations were corrected
Incidents
Aug 2, 2024
Terra founder Do Kwon will be extradited to South KoreaThe US authorities also sought the extradition of the businessman for trial in their jurisdiction
Crypto regulations
Jul 19, 2024
Law on the protection of crypto investors has come into force in KoreaIt tightens requirements for exchanges and introduces penalties for fraud and market manipulation
Market
Jul 4, 2024
Korea’s regulator has developed a system to monitor crypto transactionsIt will be launched on the same day the crypto investor protection act comes into effect