South Korea News
Latest South Korea News
News
South Korea plans to delay its 22% cryptocurrency gains tax until 2029, citing U.S. data-sharing gaps and proposing three-year deductions for crypto losses.
News
South Korea has not begun Binance hack sanctions talks as its Foreign Ministry reviews measures against North Korea following the FBI's $6B theft claim.
News
The article was updated with information from News1 Korea. South Korea’s Financial Services Commission has directed domestic cryptocurrency exchanges to hold more assets in cold wallets and strengthen their financial reserves following the $6.3 billion Binance hack on October 29.…
News
South Korea’s ruling Democratic Party lawmakers have agreed to recommend another postponement of the country’s cryptocurrency income tax, with a two-year delay until 2029 emerging as the preferred option. According to Seoul Economic Daily, members of the National Assembly’s Finance,…
News
South Korea’s Financial Intelligence Unit has requested domestic access restrictions on two unregistered cryptocurrency businesses and referred three operators for investigation over suspected violations of the country’s financial laws. According to an Oct. 30 report from Yonhap News Agency, the…
News
South Korean prosecutors have raided cryptocurrency exchange Bithumb’s headquarters as part of an ongoing investigation into allegations that former and current executives misused company funds allocated for luxury housing. According to an October 29 report by local media outlet News1…
Feature
South Korean officials are discussing another postponement of the crypto income tax scheduled for January 1. The presidential office has signalled support for moving the start to 2029, but the National Assembly has not passed that change. For a trader,…
News
South Korea has begun considering a new education tax on cryptocurrency exchanges that could leave major operators such as Upbit and Bithumb paying billions of won annually if they are reclassified as financial businesses under the proposed Digital Asset Basic…
News
South Korea is considering delaying its 22% crypto gains tax until 2029, citing overseas trading data gaps and concerns about taxing domestic investors.
News
South Korea will require registration and reporting for cross-border crypto transfers from December 3, including exchanges and private wallets.
News
South Korea’s central bank has introduced new reporting requirements that will require domestic crypto exchanges to disclose the monthly holdings of users who have previously transferred digital assets overseas. According to an October 23 report by local media outlet Digital…
News
South Korea's Digital Asset Basic Act nears completion, but lawmakers seek to delay the 2027 crypto tax while regulators finalize industry rules and guidance.
News
South Korea will meet five crypto exchanges on October 20 as lawmakers propose delaying the planned 22% cryptocurrency income tax from 2027 toward 2029.
News
Australia proposes new crypto exchange rules covering licenses, trading, customer funds and capital, with feedback due November 27 ahead of 2027 rollout.
News
South Korea plans tougher cybersecurity checks after breaches at 16 financial firms exposed 100,000 records, with crypto exchanges among those affected.
News
South Korea plans to issue crypto tax guidelines in November ahead of its 22% tax starting January 2027, with staking and airdrop rules unresolved.