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” Crypto tax can wait, free coins can’t: S. Korea mulls ‘gift tax’ for airdrops “ The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a gift tax under the Inheritance and Gift Tax Act despite the postponement of…
” Korean police seize crypto for unpaid traffic fines in trial “ A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines. Gunpo, a city of about 275,000 in the northwestern Gyeonggi province was selected by…
” Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation “ Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him. According to…
” Game dev explains why blockchain should be ‘invisible’ in P2E gaming: KBW 2022 “ According to the company’s president Kyu Lee, who spoke at Korea Blockchain Week 2022 in Seoul, revealing the plan to launch a new blockchainCom2uS, the mobile game developer wants to create its own version of Web3, “where it is free…
” GameFi and crypto ‘natural fit’ for game publishers: KBW 2022 “ South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country has banned play-to-earn (P2E) blockchain games due to the crypto integration. The new pro-crypto president Yoon Suk-yeol had hinted at lifting the ban, but…
” KBW 2022: Crypto.com hits key regulatory milestone in South Korea “ Crypto exchange Crypto.com says it achieved a key milestone in South Korea after securing two local companies, giving it access to crypto and payments registration in the country. The news came during Korea Blockchain Week 2022 after the company announced it acquired payment…
” DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022 “ Decentralized-finance (DeFi) aggregator 1inch Network has revealed plans to expand within the Asian market, according to its co-founder Sergej Kunz. Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022 on Aug. 8, Kunz said that despite the DeFi market being…
” Web2 adoption key to Metaverse success, Klaytn Foundation — KBW 2022 “ Sam Seo, the director of metaverse-focused blockchain Klaytn Foundation, believes widespread adoption of the Metaverse will be “easier” if Web2 companies integrate the tech with their products and services. Speaking to Cointelegraph during the Korea Blockchain Week (KBW) on Monday, Seo suggested…
” The lasting agony of 3AC: Law Decoded, July 18-25 “ The late spring and summer months of 2022 would be remembered not only for their extreme temperatures across the globe but also for a crushing streak of large crypto companies falling apart. Terra Lab in May, Celsius in June and now, the lasting agony…
” South Korean authorities raid 15 entities linked to Terra collapse: Report “ Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, including seven crypto exchanges. According to a Wednesday report from News1 Korea, the Joint Financial and Securities Crime Investigation Team of the…