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 […]
South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins Read More »
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
North Korea Cyberattacks Account for 50% Foreign Currency Earnings, $3B Stolen in Crypto Read More »
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
South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off Read More »
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
South Korea Reportedly Pushes for 2-Year Postponement on Crypto Taxation Read More »
[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
Korea Blockchain Week 2024: A Gateway to Blockchain’s Future Read More »
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
South Korea to Launch Digital Currency Pilot Program in 2024 Read More »
