5 / 12 Relevant items tagged with #SouthKorea
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South Korean convenience store sells Bitcoin-themed ‘meal boxes’
[May 9, 2024 2:39 AM] A convenience store in South Korea offers Bitcoin meal boxes in collaboration with the local exchange Bithumb, where customers can win small amounts of Bitcoin with their purchases.
New South Korean leadership will press for Bitcoin ETF trading
[May 7, 2024 12:01 PM] The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds, and it expects to follow through — one way or another.
South Korea stops short of allowing crypto in updated donation laws
[May 6, 2024 12:06 AM] Department store gift vouchers, stocks, and loyalty points from tech giants can be donated to charities, but not crypto.
Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg
[May 3, 2024 4:16 AM] CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
South Korean ministries look to upgrade status of crypto crime unit
[Apr 29, 2024 1:30 PM] The temporary unit is reportedly being transformed into a permanent department as enforcement actions rise dramatically in South Korea.
Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe
[Apr 23, 2024 7:01 AM] The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.
South Korea’s April 10 Election: What’s at Stake for the Crypto Universe
[Apr 9, 2024 12:10 AM] On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a…
South Korea’s Democratic Party to Introduce ETF and Digital Finance Reforms
[Apr 8, 2024 12:35 PM] South Korea’s Democratic Party of Korea (DPK) is eager to relax regulations on exchange-traded funds (ETFs), including those tied to spot bitcoin, despite resistance from the People Power Party (PPP). Although election concerns have…
South Korea’s Crypto Market Continues to Defy Global Trends With Premium Prices
[Apr 7, 2024 8:14 AM] Metrics reveal that cryptocurrency premiums in South Korea consistently outpace the global average. As of now, bitcoin exchanges hands at $69,245 per piece globally, while on the South Korean platform Upbit, it’s being traded at $73,513…
Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
Crypto.com Expands Into South Korean Crypto Market
[Apr 2, 2024 3:29 PM] Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global…
Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%
[Apr 1, 2024 5:38 AM] Upbit's 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko data show.
Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision
[Mar 24, 2024 11:30 AM] Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the…
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
[Mar 13, 2024 1:30 AM] The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had…
Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea
[Mar 11, 2024 3:08 AM] The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
US Continues Efforts to Extradite Terra Founder Do Kwon
High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea
[Mar 7, 2024 12:30 PM] In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his…
South Korea’s Bitcoin Premium Hits 2-Year High, Surpassing Global Rates by $4K
[Mar 7, 2024 9:30 AM] The latest data reveals that the premium on bitcoin in South Korea has escalated to its highest level in more than two years. At 7:30 a.m. Eastern Time (ET) on Thursday, the weighted global average price for bitcoin hovers between $66,800 and…
Do Kwon to Be Extradited to South Korea After March 23, Lawyer Says
[Mar 7, 2024 8:52 AM] Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.
Montenegro Court Halts Extradition of Terra’s Do Kwon to the US
Report: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease
[Feb 29, 2024 5:30 PM] South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain…
Bitcoin’s Swift Climb Triggers Soaring Premium in South Korea During Worldwide Rally
[Feb 28, 2024 11:30 AM] On Wednesday, bitcoin’s value ascended past the $60K threshold, peaking at a 24-hour high of $61,389 by 10:45 a.m. (ET). Concurrently, South Korea observed a pronounced premium over the international exchange rate, with local platforms such…
South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders
[Feb 22, 2024 4:59 AM] South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency.
Largest South Korean Parties Promise Bitcoin ETFs Before Election
[Feb 21, 2024 9:00 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
Major Party in South Korea Proposes to Defer Cryptocurrency Taxation
[Feb 21, 2024 1:00 AM] The People Power Party, a major political party in South Korea, has proposed to defer cryptocurrency taxation for up to two years as part of a general election pledge. The Korean government has already postponed establishing cryptocurrency taxation…
South Korea’s Ruling and Opposition Parties Make Crypto-Related Poll Promises Ahead of Elections
[Feb 20, 2024 7:37 AM] South Korea’s ruling political party and its opposition party are making poll promises related to crypto ahead of the national elections later this year scheduled for April 10.
Crypto Platform Haru Invest’s Top Executives Arrested for Allegedly Embezzling $826 Million
[Feb 8, 2024 6:30 AM] The leadership of Haru Invest finds itself behind bars, facing allegations of defrauding 16,000 customers by embezzling hundreds of millions of dollars under the guise of offering safe, high-yield crypto investments. Haru Invest Executives Arrested…
Crypto Crime Could Mean Jail for Life in South Korea
[Feb 7, 2024 4:35 AM] The new consumer protection rules will take effect in July 2024.
Haru Invest Execs Arrested in South Korea for Allegedly Stealing $828M Worth of Crypto: Report
[Feb 6, 2024 4:05 AM] The platform paused withdrawals and fired 100 employees last June citing issues with service partners.