South Korea Financial News

03.02 / 05:13

Blockchain Adoption identity banking Woori Bank to Accept Blockchain-based Driving Permits as Form of Authentication

The South Korean financial giant Woori Bank has become the first commercial bank in the nation to start accepting blockchain-powered driver’s licenses as an official form of authentication.

02.02 / 04:21

Career Exchange Upbit Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021

South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their staff by paying them massive Lunar New Year bonuses.

01.02 / 12:57

Adoption Taxes Bitcoin Thailand scraps 15% crypto capital gains tax following public backlash

Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented.

01.02 / 06:45

OKEx Crypto exchanges Mudrex Here's what crypto exchanges are offering to lure investors

crypto exchanges and trading platforms have launched promotional campaigns to lure investors. These campaigns are aimed at attracting investors to support declining trading volumes amid steep fall and rising regulatory concerns. ETMarkets.com reached out to various exchanges seeking out information about their giveaways for the crypto users. Here is the complete information about offerings of all the exchanges:OKXThe second-largest crypto exchange in the world, OKX, is set to give away $3 million as a part of the Asia Lunar New Year promotion for participants from Asian countries.

01.02 / 05:09

cryptocurrency Crime Legal YouTube Jail Men Who Spiked a Crypto YouTuber’s Coffee to Steal Coins Sent to Jail for 3 Years

Two South Korean YouTubers who robbed a fellow crypto broadcaster by spiking them with sleeping pills and stealing USD 660,000 worth of tokens, have been sentenced to three years behind bars – after a disagreement about sharing the profits of their social media behavior got out of hand.

28.01 / 19:47

Ethereum ETF Apple Bitcoin Crypto Lobbying Defi Hack Apple's Metaverse, Crypto Lobbying, WisdomTree's Wallet, USD 80M DeFi Hack + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

26.01 / 18:59

Blockchain Provident Target National Crypto Community HeritageDAO Seeks to Acquire Korean National Treasures

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

26.01 / 04:09

Crime XRP Fraud Prison ‘Romantically Involved’ USD 3.8m XRP Thieves Sent to Prison for 7 Years

A couple who stole over some USD 3.76m worth of XRP tokens from a crypto investor in 2017 have been handed seven-year jail sentences after an appeals court in South Korea ruled that the duo should spend the best part of a decade behind bars.

25.01 / 09:33

regulation Bithumb Withdrawals Bithumb to block crypto withdrawals to unverified private wallets

Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets.

25.01 / 05:22

CBDC Adoption Central Bank National S Korean Presidential Candidates Manifestos Issued as NFTs; Crypto Enters National Statistics

The manifestos of South Korea’s main presidential candidates have been released as non-fungible tokens (NFTs) – as the nation’s March general election takes yet another crypto-flavored turn and Statistics Korea makes a crypto move.

25.01 / 02:21

UPS Digital Citizens Bitcoin Holdings Investigations South Korea: Bitcoin investigations to ascertain household holdings

2021 was a year of change in South Korea as the administration announced several legislations in the crypto-space. And now, at the start of 2022, a new announcement from the National Statistical Office reportedly states that it will investigate holdings of households for virtual assets.

24.01 / 18:19

UPS Digital Merit Racing Winter Olympics Days before Beijing 2022, cautious South Korea completes first phase of CBDC pilot

Little more than a week before the global launch of China’s CBDC, a neighbouring country has announced the “successful” completion of a CBDC pilot.

24.01 / 12:23

CBDC regulation Central Bank Bank of Korea completes first phase of digital currency pilot

The Bank of Korea has successfully completed the first phase of its central bank digital currency mock testing started in August 2021.

24.01 / 08:35

Digital NFT Platform NFTS 3Space Art Kicks Off “Enter the Void,” the First NFT Art Exhibition Held Simultaneously in a Physical Gallery and the Metaverse

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

19.01 / 17:27

cryptocurrency Extreme CoinMarketCap Mind This Cryptocurrency Gains A Mind-Blogging 19,650% In Just 24 Hours

Bitecoin, a lesser known cryptocurrency has surprised many with its stupendous rise

19.01 / 15:37

cryptocurrency ICO Tax end South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban

The new year is off to a flying start for South Korea’s crypto community – who will likely have plenty to celebrate after March’s presidential elections.

19.01 / 13:47

Blockchain Progressive Strategy S. Korean Presidential Candidates to go Head to Head in Crypto Policies

As South Korea’s presidential elections draw to a close in March, crypto affairs are turning into a political battleground with both candidates set to showcase a number of crypto-related policies.

19.01 / 04:36

cryptocurrency regulation Both Main South Korean Presidential Candidates Now Set to Unveil Pro-Crypto Manifestos

Crypto is set to become a key political battleground in South Korea, where both of the leading candidates in March’s presidential elections are set to showcase a number of crypto-related policies. And although politicians’ manifestos promises are not always adhered to the letter in any part of the world, it appears that a changing of the guard is very likely in terms of crypto in South Korea.

18.01 / 09:29

NFT Bithumb Korean Bithumb exchange to launch NFT marketplace

South Korean crypto exchange Bithumb is developing an NFT marketplace with “a large company” thought to be LG CNS, a subsidiary of LG Corporation.

18.01 / 04:03

regulation Exchange compliance South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance

South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities.

15.01 / 00:37

business Disney virtual reality Going meta: Disney, Second Life and K-pop

Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer.

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