The National Tax Service (NTS) of South Korea has officially announced that its residents are now required to declare virtual assets received as compensation from overseas entities as part of their comprehensive income.
Read MoreThe National Tax Service (NTS) of South Korea has officially announced that its residents are now required to declare virtual assets received as compensation from overseas entities as part of their comprehensive income.
Read MoreA new survey reveals that more than half of South Koreans aged 20 to 59 have engaged in cryptocurrency trading, with one in four currently holding digital assets.
Read MoreIn a landmark move for South Korea’s financial and digital asset sectors, eight major domestic banks are preparing to launch a joint stablecoin project pegged to the Korean Won (KRW), according to a recent report from Economic Review.
Read MoreSouth Korea's Financial Intelligence Unit (FIU) has issued a suspension notice to Upbit, a leading cryptocurrency exchange, for alleged Know Your Customer (KYC) violations.
Read MoreSouth Korea has officially commenced discussions to develop the second phase of its crypto regulatory framework, aiming to finalize the legislation within the second half of this year.
Read MoreSouth Korea is poised to significantly relax its restrictions on institutional crypto trading. The Financial Services Commission (FSC) plans to gradually grant institutions, starting with non-profit organizations, access to local crypto exchanges.
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