South Korean Crypto Platform Haru Invest to Halt its Servers
After stopping withdrawals in June 2023, Haru Invest's unsatisfactory cryptocurrency platform intends to terminate its server within a few months.
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Latest firstBank of Korea to launch CBDC pilot program soon
Key Takeaways In a joint announcement on October 4, the Bank of Korea, along with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), disclosed their plans to start a pilot project focused on examining the technical underpinnings…
CoinCodeCap WeekInFocus: September 24, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
South Korean Taxpayers Declare $98.5 Billion in Overseas Crypto Assets
key takeaways: South Korea’s National Tax Service (NTS) has revealed that this year, taxpayers declared a total of 130.8 trillion South Korean won (approximately $98.5 billion) in overseas cryptocurrency assets following the country’s newly implemented requirement for reporting such assets.…
South Korea Intensifies OTC Crypto Regulations Amid $4B Unlawful Deal Concerns
South Korean officials have shifted their attention to over-the-counter (OTC) cryptocurrency exchanges.
CoinCodeCap WeekInFocus: September 3, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
South Korean Parliament Rejects Motion to Expel Lawmaker Amid Crypto Scandal Controversy
The parliamentary ethics subcommittee of South Korea rejected a motion to dismiss Kim Nam-kuk.
CoinCodeCap WeekInFocus: August 27, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
South Korean city seizes crypto from tax evaders
Key takeaways: Regulators in Cheongju, South Korea, are taking steps to seize cryptocurrency assets from local individuals who have evaded taxes. A report by Yonhap reveals that authorities have directed seven South Korean crypto exchanges, including Upbit and Bithumb, to…
Bitsonic CEO Arrested for Alleged $7.5M User Fund Theft in South Korea
South Korean authorities reportedly detained Jinwook Shin, the CEO of cryptocurrency exchange Bitsonic.