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Tag: Korea’s

Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb – CoinDesk

December 30, 2019ICOInvestor

South Korea’s National Tax Service (NTS) will withhold tax worth 80.3 billion won, or $70 million, from the country’s largest crypto exchange Bithumb. CoinDesk Korea reported Sunday that Vidente, the largest shareholder of Bithumb Holdings, which runs Bithumb Korea, confirmed the withheld amount in a notice and said the tax will be imposed on its […]

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South Korean Central Bank to Organize a CBDC Task Force – CoinDesk

December 27, 2019ICOInvestor

South Korea’s central bank is organizing a task force to research central bank digital currencies (CBDCs).  Announced in a Dec. 26 report titled “Monetary Policy for 2020,” the Bank of Korea will hire experts to study the effects of distributed ledgers, cryptocurrencies and CBDCs on financial settlements and security. The group will also “keep an […]

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Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

November 28, 2019ICOInvestor

South Korea’s biggest cryptocurrency exchanges has revealed a sizable hack. 342,000 ETH (approximately $50 million in value) were stolen from the exchange. All lost funds will be covered, according to the head of the firm. Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, […]

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North Korea Slams US, UN for ‘Nasty’ $2 Billion Bitcoin Theft Rumor

September 2, 2019ICOInvestor

North Korea’s state press has hit back at a UN report accusing Kim Jong Un’s regime of stealing billions from banks and crypto exchanges to fund its nuclear program. | Source: Shutterstock By CCN Markets: North Korea (DPRK) is sniffing out angry flames after getting accused of siphoning $2 billion from banks and bitcoin exchanges. […]

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South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules – CoinDesk

January 31, 2019ICOInvestor

South Korea’s top financial regulator has said it will not lift the ban on domestic initial coin offerings (ICOs) after finding that some projects have been violating rules. As ICO investment is a “high risk” activity, the Financial Services Commission (FSC) said, calling on the public to exercise caution when investing in token projects, according […]

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South Korea’s Policy Chief Calls for Legalization of ICOs – CoinDesk

November 13, 2018ICOInvestor

The chairman of Korea’s National Policy Committee has called for the legalization of initial coin offerings (ICOs), provided that a regulatory framework is put in place. According to a report from CoinDesk Korea on Tuesday, Min Byung-Doo, who is a member of the country’s governing Democratic party, said that, with token sales becoming a global […]

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South Korea’s Policy Chief Calls for Legalization of ICOs – CoinDesk

October 2, 2018ICOInvestor

The chairman of Korea’s National Policy Committee has called for the legalization of initial coin offerings (ICOs), providing that a regulatory framework is put in place. According to a report from CoinDesk Korea on Tuesday, Min Byung-Doo, who is a member of the country’s governing Democratic party, said that, with token sales becoming a global […]

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Korea’s Jeju Island Appeals to President in Push for ICO Hub Status – CoinDesk

August 30, 2018ICOInvestor

The governor of South Korea’s Jeju island is maintaining his push to turn the autonomous region into a blockchain and initial coin offering (ICO) free zone. On Thursday, South Korean provincial governors hosted a meeting with President Moon Jae-in to discuss job creation in the country. In his remarks, Governor Won Hee-ryong of the Jeju province […]

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