South Korea’s Tax Agency Turns to Private Crypto Custodian After Security Failures
TL;DR: South Korea’s tax agency is seeking a private custodian for its seized cryptocurrencies following the leak of a seed phrase. The February 26 leak resulted
south korea (Latest Publications)
South Korea Faces Renewed Debate Over 22% Crypto Tax as Opposition Seeks Repeal
TL;DR South Korea’s main opposition party has proposed scrapping the planned crypto tax before its Jan. 1, 2027 rollout by amending the Income Tax Act. The
South Korea Intensifies Fight Against Illegal Crypto Channels
TL;DR South Korean authorities are increasing efforts to prevent criminal use of cryptocurrencies, particularly anonymous “dark coins”, through new cooperation between financial institutions and law enforcement.
KG Inicis Partners With Crypto.com to Enable Crypto Payments Across 190,000 Merchants
TL;DR: Crypto.com partnered with KG Inicis, South Korea’s largest payment platform, to offer cryptocurrency payments to foreign tourists. KG Inicis processes over 400 million transactions annually
KNPA Prepares Fresh Guidelines to Standardize Storage of Confiscated Digital Assets
TL;DR South Korea’s National Police Agency drafted new guidelines for seized crypto, covering privacy coins, software wallets, wallet addresses and private keys at each seizure stage.
Binance Rolls Out Leveraged Futures Tied to South Korea ETF
TL;DR Product launch: Binance introduced the EWYUSDT perpetual contract, giving traders leveraged exposure to the iShares MSCI South Korea ETF using crypto collateral. Market concentration: The
Hana Financial and Standard Chartered Forge Digital Asset Alliance With Stablecoins at the Core
TL;DR: Hana Financial Group signed a memorandum of understanding with Standard Chartered to collaborate on digital assets, with a focus on stablecoins. The agreement combines Hana’s
South Korea’s FIU Proposes Six-Month Partial Suspension and Massive Fines for Bithumb
TL;DR South Korea’s FIU sent Bithumb a preliminary notice proposing a six-month partial business suspension and fines in the tens of billions of won. The case
South Korea Invests 3B Won in AI Tax Tracking After Coinbase Draws Heat Over System Strain
TL;DR South Korea allocates 3 billion won to build an AI-driven system that tracks cryptocurrency profits ahead of new tax rules set for 2027. The platform
South Korean Prosecutors Liquidate $21.5M in Bitcoin Seized From Phishing Case
TL;DR: The Gwangju District Attorney’s Office in South Korea sold 320.8 confiscated Bitcoin and transferred the equivalent of $21.5 million to the national treasury. The assets
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