Tag: South

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South Korea Opposition Party Proposes Scrapping Crypto Tax

South Korea’s main opposition party has proposed scrapping a planned crypto tax ahead of its 2027 rollout, citing fairness, double taxation and enforcement concerns.According...

UWE Bristol and FinTech West Partner to Bridge the Fintech Talent Gap in the South West

The University of the West of England (UWE Bristol) has formed a strategic partnership with FinTech West aimed at drawing on specialist industry expertise...

US Startup to Build South Korea’s Biggest AI Data Center

Reflection AI is partnering with Seoul-based conglomerate Shinsegae Group to build a huge new AI data center in South Korea.The companies revealed their intentions...

South Korea fines Bithumb $24 million, orders 6-month partial suspension over AML violations

Bithumb, one of South Korea's leading crypto exchanges, has been fined by the country's anti–money laundering and counter-terrorism financing agency.South Korea's Financial Intelligence Unit...

South Korea Fines Bithumb $24 Million Over AML Violations

South Korea’s Financial Intelligence Unit (FIU) has fined cryptocurrency exchange Bithumb 36.8 billion won ($24.6 million) and ordered a six-month partial suspension...

South Korea Hits Bithumb With $24.5M Fine Over AML Violations

South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension after finding widespread violations...

South African Utility Company Considers Cheap Power For Bitcoin Miners

Eskom, a South African electricity public utility,  is exploring plans to sell excess daytime electricity to Bitcoin mining companies as rooftop solar...

South Korea Moves to Build AI Platform to Monitor Crypto Gains

South Korea’s tax authority is preparing to deploy artificial intelligence to track cryptocurrency investment gains as the government moves closer to implementing a long-delayed...

From Blackouts to Bitcoin: South African Power Utility’s Surreal Pivot to High-Intensity Power Sales

Eskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced plans to...

Western Union and Sasai Fintech Launch International Money Transfer App for South Africa

Western Union and Sasai Fintech, a Cassava Technologies company, have launched a new international money transfer mobile app tailored specifically for consumers in South...

Bithumb faces proposed 6-month partial ban over South Korea AML breaches

South Korean cryptocurrency exchange Bithumb has received a preliminary notice of sanctions that could lead to a six-month partial business suspension, local media reports.The...

South Korea to block firms from using USDT, USD Coin – DL News

No room for flexibility, say regulators.South Korean firms cannot buy crypto, unlike Japanese, US companies.Listed firms frustrated by Financial Services Commission stance.South Korean financial...