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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New RulesOverseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. Korean Financial Intelligence Unit Notifies Foreign […]

Trump taps pro-Bitcoin Scott Bessent as Treasury secretary

Korean Government Confiscates $47 Million in Crypto From Tax Evaders

Korean Government Confiscates  Million in Crypto From Tax EvadersSouth Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders in Greater Seoul Area More than 53 billion Korean won ($47 million) in crypto […]

Trump taps pro-Bitcoin Scott Bessent as Treasury secretary

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll FindsOpponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a […]

Trump taps pro-Bitcoin Scott Bessent as Treasury secretary