South Korea Targets Crypto Price Manipulation in First Action Under New Act
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Korea
South Korea to Tighten Stablecoin Regulations With New Forex Rules
South Korea’s Ministry of Strategy and Finance announced on October 8 that it is reviewing measures to regulate stablecoins more strictly. This decision comes amidst increasing criticism that stablecoins are emerging as a hidden threat in the foreign exchange landscape due to inadequate government oversight. Rising Cross-Border Use and Industry Criticism According to local media
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This is How N. Korea is ‘Aggressively’ Attacking the Crypto Industry, According to the FBI
The United States Federal Bureau of Investigation (FBI) has issued a paper alerting the public of “aggressive” attacks from North Korean hackers against the crypto industry and companies associated with digital asset investment products. According to the report, these attacks consist primarily of sophisticated social engineering tactics that even crypto employees and market participants well-versed
South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins
Last updated: April 7, 2024 23:00 EDT | 1 min read South Korean tax officials in the city of Pohang are set to seize cryptoassets from 5,208 residents who failed to pay local taxes. The move is part of a national crackdown. The drive saw tax officials seize almost $29 million in coins and fiat
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North Korea Cyberattacks Account for 50% Foreign Currency Earnings, $3B Stolen in Crypto
The United Nations (UN) Security Council has released a report showing North Korea earns 50% of its foreign exchange earnings from cyberattacks. The council is also investigating involvement in cyberattacks associated with cryptocurrency companies, which reportedly caused losses of approximately $3 billion (450 billion yen). North Korea’s Cyberattacks Target Cryptocurrency North Korea primarily conducts cyberattacks
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South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off
In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges. According to a report by local media Yonhap News Agency, the Gyeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders by using
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South Korea Reportedly Pushes for 2-Year Postponement on Crypto Taxation
South Korea’s ruling People Power Party is reportedly advocating for a further two-year taxation postponement on cryptocurrency investment gains, which appears to be part of the party’s campaign for the general election coming in April. Notably, the program was scheduled earlier for 2023 and rescheduled to January 2025, and the current People Power Party request
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Korea Blockchain Week 2024: A Gateway to Blockchain’s Future
[PRESS RELEASE – Seoul, Korea, February 8th, 2024] For the 7th year, Korea Blockchain Week 2024 (KBW2024), founded and hosted by FACTBLOCK and co-hosted by HASHED, is set to take place in Seoul, Korea from September 1-7, 2024. The flagship two-day conference, ‘KBW2024: IMPACT’, will be held at the Seoul Grand Walkerhill Hotel on September
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South Korea to Launch Digital Currency Pilot Program in 2024
In a move to modernize its financial infrastructure, South Korea is set to embark on a pioneering project involving digital currency. Commencing in the fourth quarter of 2024, the nation will start a pilot program involving the participation of 100,000 citizens, signifying a significant stride towards the nationwide implementation of digital currencies. South Korea to
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