Thu, November 14

Do Kwon Approached Top Exchanges in Korea to List $LUNA 2.0

As a matter of fact, the crypto fever started earlier this month and the panic level raised among the entire crypto market. Being in this state, $LUNA – a popular crypto token which was waving its flag high, suddenly dropped down hitting to the lowest at $0. As soon as

May 25, 2022 2 mins read

Litecoin(LTC), the Next LUNA? Exchanges Worried!

LTC brings out new privacy protocol updates. Exchanges worried over the new update. LTC may face the same fate as that of LUNA. Usually, a token gets an update to upgrade itself, specializing it more for the users. More the users and circulation, more will be the value of that

May 23, 2022 2 mins read

South Korea Will Implement Crypto Into Its Institutional Systems by 2024

The legislation proposal to merge Bitcoin and other Cryptocurrencies into the country’s institutional framework will provide protection for people to invest with digital assets. And the legislation has 110 policy goals announced by Yoon Seok-youl, the new president of South Korea. South Korea’s new leadership will complete the legal framework

May 13, 2022 2 mins read

South Korea Dedicates $200B Sovereign Wealth Fund for Metaverse

South Korea allocates a sovereign wealth fund of $200 billion upon Metaverse. This will be done through the Korea Investment Corp (KIC).  KIC reported to concentrate on Metaverse and Artificial Intelligence vividly. The world truly knows the epic potential of South Korea. Being such a well developed and futuristic country,

February 11, 2022 2 mins read

South Korean Presidential Candidate Promises Support for Crypto Tax Exemptions

The South Korean parliament had postponed introducing a 20 percent tax. The presidential candidate even wants to authorize domestic ICOs. The conservative People’s Power Party of South Korea has nominated Yoon Suk-yeol to run in the country’s forthcoming March presidential elections. During an appearance at the party headquarters on Wednesday,

January 20, 2022 1 min read

South Korea Plans to Begin Taxing Inherited or Gifted Crypto

A 20 percent tax would be imposed on earnings exceeding 2.5 million won. Taxing virtual assets has been postponed until 2023. Bitcoin’s momentum has been stifled since its all-time high of $67.5k. Many analysts’ predictions of Bitcoin reaching $100k by the end of the month turned out to be a

January 5, 2022 1 min read

First Politician to Issue NFTs for His Supporters in South Korea

In political history, raising elections funds in digital assets and distributing non-fungible tokens (NFTs) for all the supporters is an innovative idea planned in South Korea. For the upcoming presidential election, the nominated candidate Lee Jae-Myung is campaigning about his unique initiative to his supporters.  Through this, all the woo

January 4, 2022 2 mins read

South Korean Province Captured Over $5M Worth Crypto for Unpaid Fines

Gyeonggi province had captured 6.1 billion won in cryptocurrencies. The regulators have organized an investigation of 29,656 companies. The frozen food company CEO had 600 million won in cryptocurrency. Gyeonggi Province is one of the most populous provinces in South Korea. In last week Gyeonggi province has announced that it

September 21, 2021 2 mins read

South Korea FSC Has announced Deadline for Over 60 Crypto Exchange

South Korea FSC has set a deadline for over 60 crypto exchanges. Crypto exchanges need to partner with south Korean local banks Only four exchanges have registered and partnered with a local bank. South Korea Financial Services Commission (FSC) has announced a deadline for more than 60 foreign and local

September 17, 2021 2 mins read

South Korea’s FSC Has Shut Down 11 Local Exchanges

South Korea is one of the major countries where the majority of people are involved in the cryptocurrency industry. Many countries around the world are working hard to regulate and reform the crypto space. South Korea announced its regulations on 578 cryptocurrencies last month. Overall, many country regulators are conducting

August 3, 2021 2 mins read