South Korea Financial News
29.08 / 09:29
Floods
NASA
EU faces several 'terrible winters' without price cap: minister
The EU will endure several "terrible" winters without controls on natural gas prices, Belgium's energy minister warned on Sunday.
28.08 / 21:55
Charity
Floods
NASA
Ukraine war: Nuclear plant latest, Russian recruitment and air defence
Russian rocket and artillery strikes hit areas across the Dnieper River from Europe's largest nuclear power plant, Ukrainian officials said Sunday, as fears persisted that fighting in the vicinity could damage the plant and cause a radiation leak.
28.08 / 15:57
Charity
Floods
Nuclear power plant
Poland and Czech to protect Slovak airspace as ageing MiGs are retired
Poland and the Czech Republic have agreed to protect Slovakia’s airspace as the country seeks to retire its 11 Soviet-era fighter planes.
26.08 / 22:25
26.08 / 11:41
23.08 / 18:05
23.08 / 00:03
regulation
exchanges
Digital Asset
Virtual assets
Financial
South Korean financial majors want to create virtual assets exchange in 2023: Report
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report appearing in South Korean publication Newspim. The companies are aiming to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized.
22.08 / 23:31
22.08 / 22:05
business
Sport
Crypto.com
Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts
Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange Crypto.com has continued to move forward with an agreement to rebrand the Los Angeles-based venue formerly known as the Staples Center.
22.08 / 20:41
22.08 / 17:17
Reuters
Aware
Strategy
South Korea: Crypto-airdrops might soon be subject to Gift Tax
According to a report by South Korean news agency Yonhap News, virtual asset transfers for free are subject to gift tax. This, as per the guidance of the Ministry of Strategy & Finance in the country.
22.08 / 11:33
Adoption
regulation
Taxes
Crypto tax can wait, free coins can't: S. Korea mulls 'gift tax' for airdrops
The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a "gift tax" under the Inheritance and Gift Tax Act despite the postponement of crypto gains tax to 2025.
19.08 / 14:13
19.08 / 12:25
Dogecoin
Ethereum
Shiba Inu
Bitcoin
500
Crypto Price Today: Bitcoin below $23,500; Dogecoin, Shiba Inu tumble 6-7%
Bitcoin, the largest cryptocurrency by market capitalisation, slipped 2.99 per cent to $23,425 in the last 24 hours, taking its seven-day losses to 4.66 per cent.Ethereum declined 3.83 per cent to $1846.50. This crypto has fallen 2.4 per cent in the last seven sessions. BNB tanked 4.45 per cent to $306.97. Cardano plunged 6.68 per cent while XRP declined 3.22 per cent. Solana, Dogecoin, Polkadot and Shiba Inu plunged 7-8 per cent.
19.08 / 12:03
CoinGecko
regulatory approval
regulatory
Crypto.com gets UK regulatory approval
Joining the Financial Conduct Authority's (FCA) register means that Crypto.com has approval to offer crypto asset services and products to customers in the United Kingdom in compliance with anti-money laundering and «terrorist» financing rules. The United Kingdom is a «strategically important market for us», said Crypto.com CEO Kris Marszalek, citing an increase in crypto adoption in the country and the government's agenda to make Britain a hub for crypto assets. As authorities around the world are grappling with how to regulate the crypto sector, firms are racing to register with financial watchdogs.
19.08 / 08:09
Adoption
Environment
Universities
Korea's 'poop-coin' project got flushed in February, inventor reveals
The South Korean government has put the lid on a science program that created toilets designed to turn human waste into electricity, heat, and digital currency.
18.08 / 23:13
18.08 / 21:07
UPS
Twitter
Action
Do Kwon makes bold claims about LUNA in this recent interview
Do Kwon made his first public appearance since the fall of Luna, with an interview he did with Coinage. There’s been a lot of negative sentiment against Do Kwon, with speculators believing that Do Kwon has also profited from the fall of UST.
18.08 / 16:41
regulation
Bitcoin
Financial
Korean financial watchdog to block tens of unregistered exchange websites
Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based firms.
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