Financial Regulator says that South Korean Govt. will Support Cryptocurrency Transactions

South Korea’s Financial Regulator announced that the Government would Support Cryptocurrency Transactions. The head of South Korea’s financial regulator confirmed the government would support cryptocurrency trading. He announced while helping banks to facilitate transactions with exchanges, efficiently answering for the rumored ban. According to the reports, South Korea’s Financial Supervisory …

South Korean Crypto Exchanges are pausing Trading since they are unable to follow the New Regulations

Due to the New Regulations in the country, South Korean Crypto Exchanges are holding Trading South Korean Cryptocurrency exchange Coinpia has delayed fiat deposits as well as trading operations after the organization was not able to reach the Country’s new KYC requirements in time. The new mandatory anti-money laundering regulations …

South Korea has Finally Stopped Anonymous Cryptocurrency Trading Today

The Anonymous Cryptocurrency trading has been stopped in South Korea The latest South Korean cryptocurrency account system has rushed towards ending the current system that allowed for anonymous trading of cryptocurrencies. From today, the Traders must open real-name accounts at the same banks as their exchanges in order to deposit …

South Korea conducted Plans to Stop Bitcoin Exchanges With epic Tax Bills 

South Korea Plans to End Bitcoin Exchanges With huge Tax Bills  South Korea’s administration is hitting the nation’s cryptocurrency trades with epic tax demand, in its most recent trial to get control over the blasting an unstable segment. As per financial ministry official,  cited in a Yonhap report on Monday, South Korean …

Bithumb and Coinone exchanges are under the Tax Investigations

Bitcoin Exchanges South Korea’s National Tax Service has started an investigation on two of the country’s leading cryptocurrency exchanges which are named Bithumb and Coinone. Two of these top cryptocurrency exchanges in South Korea is under the investigations, Yonhap News reported, this investigation will be conducted by the country’s National Tax …

Korean Government started Investigation on Major Banks for Crypto Regulations

Cryptocurrency Regulations The South Korean will start investigating the major banks for their agreement with cryptocurrency regulations on Monday. This progress follows the regulator’s recent announcement banning the use of virtual bank accounts for anonymous trading. Investigating 6 Major Banks The South Korean Financial Intelligence Unit (FIU), below the Financial Services …

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