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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global MarketsIn the past week, the crypto market has been buzzing with action, with bitcoin smashing its way to a new all-time high of $99,800 per coin on Thursday. Data reveals an intriguing dynamic during this period: while the Coinbase premium climbed, South Korea experienced a discount in BTC prices, reflecting a unique local discount. U.S. […]

Institutional Interest Grows as Crypto VC Funding Climbs to Nearly $1 Billion in February

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions. Remittances to Exploit Kimchi Premium Could Be Flagged as Money Laundering According […]

Institutional Interest Grows as Crypto VC Funding Climbs to Nearly $1 Billion in February

South Korean City Threatens to Seize Cryptos From Tax Evaders

South Korean City Threatens to Seize Cryptos From Tax EvadersCrypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. 511 Individuals in the Authorities’ Eyes According to Gugkje News, the authorities of Gyeongju, […]

Institutional Interest Grows as Crypto VC Funding Climbs to Nearly $1 Billion in February

South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn

South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities WarnSouth Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details on How the Agency Will Supervise […]

Institutional Interest Grows as Crypto VC Funding Climbs to Nearly $1 Billion in February