South Korea Implements Emergency Measures to Curb Risky Crypto Lending
South Korea just slammed the brakes on crypto lending after things got completely out of hand. The country’s financial watchdog imposed a strict 20% interest...
Tag : South Korea
South Korea Seeks Extradition of Terraform Founder Do Kwon
South Korea is seeking the extradition of crypto entrepreneur Do Kwon, founder of Terraform, after he was arrested in Montenegro on charges of fraud by...
South Korea Takes Tough Stance on Crypto Regulation
The South Korean Ministry of Justice has placed the establishment of a Virtual Currency Tracking System high on its priority list for 2023. This system...
South Korea to Launch Crypto Monitoring Tools
South Korea’s Financial Supervisory Service (FSS) is committed to safeguarding the crypto-space, Governor Lee Bok-Hyun revealed at a conference Monday. He announced plans to create...
TrueFi’s Loan of $3 Million Has Been Defaulted on by Blockwater, a South Korean Firm
In a blog post published by TrueFi, Blockwater, a South Korean investment company, didn’t pay back its uncollateralized loan of $3.4 million. TrueFi $BUSD Pool...
A South Korean Court Issues an Arrest Warrant for Terra’s Do Kwon
Do Kwon, co-creator of Terraform Labs, the company behind the Tera Luna and Terra Classic USD cryptocurrencies, is the subject of an arrest warrant (LUNA)....
Taxation on all cryptocurrency transactions to be waived for the next two years in South Korea
South Korean digital asset owners can rejoice because the government has declared that all taxes on blockchain transactions will be waived until January 2025. The...
After facing legal action in Korea, Do Kwon says Terra is not liable to pay taxes
In a series of tweets on Twitter today, Terra founder Do Kwon said that the company does not have any tax liabilities in Korea. Moreover,...
South Korea Will Raise Threshold of Its Cryptocurrency Tax
Leading crypto Twitter page Watcher Guru tweeted breaking news that South Korea is planning to raise its tax threshold on cryptocurrency from $2000 to $40000....
Vinetree Corporation Launches a blockchain Gaming Platform
Vinetree Corporation, the company behind South Korean social gaming app GameTalkTalk launches a blockchain-based platform, Ludena Protocol. Vinetree Corporation, the parent company of South Korean...