Tag: South

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Petition Against South Korea’s 22% Crypto Tax Hits 50K Threshold

A petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and...

South Korean funeral company reveals $33 million loss on leveraged ether ETF bet

A South Korean funeral services company has reported an unrealized loss of about 45 billion won ($33 million) tied to investments in leveraged ether...

South Carolina Enacts Bitcoin, Crypto Friendly Law

South Carolina has enacted a new law aimed at establishing a clear and supportive framework for cryptocurrency use, marking one of the...

South Carolina Governor Signs Bill Protecting Bitcoin Miners and Banning CBDC Payments

South Carolina Governor Henry McMaster signed Senate Bill 163 into law on Tuesday, advancing one of the most crypto-friendly state-level frameworks in the country.The...

South Korean Funeral Company Faces $33M Unrealized Loss on Leveraged Ether ETFs

South Korean funeral service company Bumo Sarang is sitting on roughly 49.3 billion won ($32.7 million) in unrealized losses after investing about $40 million...

South Korea FSC Reportedly Reviews Hana Bank Dunamu Stake

South Korea’s financial regulator is reportedly reviewing Hana Bank’s planned $668 million purchase of a 6.55% stake in Dunamu, the operator of the largest...

South Korea to Announce Tokenized Securities Laws in July

South Korea’s Financial Services Commission (FSC) plans to release detailed tokenized securities rules in July as the country prepares to bring blockchain-based securities under...

South Korea Confirms 22% Crypto Tax Goes Ahead in January 2027

South Korea’s Finance Ministry has confirmed that a long-delayed tax on crypto gains will take effect as scheduled in January 2027.Moon Kyung-ho, director of...

South Korea Crypto Industry Pushes Back on AML Rule

South Korea’s crypto industry has reportedly warned that proposed Anti-Money Laundering (AML) rule changes could create operational confusion by forcing virtual asset service providers...

Bithumb’s six-month suspension in South Korea is overturned by local judge

A South Korean court overturned Bithumb’s six-month partial business suspension Thursday, according to Yonhap News.The news agency cited legal sources, saying that the 2nd...

South Korea Seeks 20-Year Sentence for Delio CEO Over $169M Crypto Fraud

South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against...

South Korea to Test Deposit Tokens for Government Spending

Nine major banks will participate in the pilot, which replaces government purchase cards with programmable blockchain-based payments starting in Q4.South Korea's Ministry of Economy...