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“# South Korean opposition set to tackle controversial crypto tax law ” Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law. According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country. As…
“# Chinese blockchain project BSN expands to Turkey and Uzbekistan ” The Chinese government-backed blockchain project, the Blockchain-based Service Network (BSN), continues expanding its global presence by setting up two new portals in Turkey and Uzbekistan. Red Date Technology, the architect behind the BSN project, has signed an agreement with Turkish consultancy firm, Turkish Chinese…
“#Oxford English Dictionary gets ‘K-update,’ adds 20 new words” The Oxford English Dictionary has become the latest piece of Western culture to be hit by the “Korean wave.” The definitive document of the English language has announced that, in response to the increasing popularity of certain South Korean cultural exports, over 20 new words of…
“# Korean crypto exchange Upbit to halt withdrawals for unverified users ” South Korean cryptocurrency exchange Upbit will soon halt services for unverified users. On Oct. 2 the company officially announced a set of changes to its customer verification system in compliance with South Korea’s mandatory Anti-Money Laundering (AML) requirements. According to the announcement, Upbit will…
“#S.Korea broadband firm sues Netflix after traffic surge from ‘Squid Game’” SEOUL, Oct 1 – South Korean Internet service provider SK Broadband has sued Netflix to pay for costs from increased network traffic and maintenance work because of a surge of viewers to the US firm’s content, an SK spokesperson said on Friday. The move comes…
“# South Korean crypto tax delay thwarted ” Lawmakers in South Korea settled a long political battle on Sept. 30th and headed off moves by the ruling party to delay the implementation of the controversial crypto tax legislation. In a meeting on the 26th but only reported yesterday, Finance Minister Hong Nam-ki and key Democratic…
“#South Korean man with ‘Squid Game’ phone number gets barraged with calls” Squid pro quo! A South Korean man has been barraged by thousands of phone calls after his number appeared in the new Netflix hit “Squid Game” — and the annoyance could get him a pile of cash. The unnamed man was offered $85,000…
“#Match to sidestep Apple and Google Pay with imminent updates to Korean apps” Apple and Google are about to face their first major test under a law targeting their controversial app-store fees — and the result could be a battle in South Korea with the company that owns Tinder. Match Group — which also owns…
“#Kim Jong Un’s sister says North Korea open to ending war if conditions met” North Korea is open to officially ending the Korean War if the South ends its “hostile policies,” according to the powerful sister of North Korean leader Kim Jong Un. Kim Yo-jong made her unexpected statement in response to a renewed call…
“# Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20 ” Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these…