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📌 This year, South Korean taxpayers declare overseas crypto holdings worth $98.5 billion. "A total of 1,432 individuals and companies reported their overseas crypto asset accounts, the tax agency said."

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"Could this be the beginning of a new era or just a local peculiarity? In South Korea, the legislation regarding _...Read More_

>"Hashed, South Korea's leading venture capital firm with a focus on Web 3.0 projects has come under an investigation from _...Read More_

"The 64-year-old member of the ruling Democratic Party – Noh Woong-rae – opined that the Asian country does not have a well-designed plan to implement the taxing procedure As such, delaying the initiative seems “inevitable."

On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in _...Read More_

As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto exchanges.

>"Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s _...Read More_

>"A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week."

The ICON Foundation claims the ICON (ICX) project won't be affected by the South Korean tax authority's investigation into its technical partner, ICONLOOP.