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“# Korean crypto exchanges could soon face fines for gaps in due diligence measures ” South Korean crypto exchanges that don’t take extensive data collection and identity verification measures could soon be subject to heavy fines. According to an official announcement Wednesday, South Korea’s Financial Services Commission has come up with a revised proposal for…
“# Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures ” South Korean cryptocurrency exchange Bithumb is toughening its approach to Anti-Money Laundering enforcement with a series of new measures that include trading restrictions, stronger Know Your Customer checks, and specialized blockchain intelligence solutions. The popular exchange, which has an estimated average of 1…
“# ICON (ICX) unaffected by South Korean tax investigation into ICONLOOP, says chairman ” The ICON Foundation, creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP. In a statement published on Monday, the chairman of the ICON Foundation, Min…
“#South Korea’s first known transgender soldier found dead” South Korea’s first known transgender soldier — who was discharged from the military last year — was found dead in her home on Wednesday, officials said. Byun Hui-su was found by rescue workers after local mental health counselors reported she had not responded for days, according to…
“# Upbit’s main banker targets 2022 IPO amid massive crypto user on-boarding ” Some South Korean banks appear to be enjoying the benefits of increased crypto involvement with K bank reportedly eyeing an initial public offering in 2022. According to a report by The Korea Times on Wednesday, K bank CEO Lee Mun-whan revealed that…
“#US reporter Albert Wilder Taylor honored in South Korea” South Korea on Saturday honored an American news correspondent whose accidental discovery of secretly printed copies of the Korean Declaration of Independence led to the world learning of the nation’s efforts to end Japanese occupation. The honor came in the form of dedicating the home Albert…
“# Bank of Korea chief says crypto has no intrinsic value, expects volatility ” Amid a major downward correction in the cryptocurrency market, the head of South Korea’s central bank is skeptical about digital currencies like Bitcoin (BTC). Bank of Korea Governor Lee Ju-yeol said that crypto assets like Bitcoin have no intrinsic value, local…
“# South Korea fastracks 20% tax on Bitcoin and crypto profits to 2022 ” South Korea will implement a 20% tax on Bitcoin (BTC) and cryptocurrency profits starting Jan. 1, 2022. The nation’s Ministry of Economy and Finance announced that profits made from both trading and holding cryptocurrencies will be subject to the tax, reported…
“#North Korean defector in diving gear swims to South Korea, military says” A North Korean man in diving gear swam to South Korea on Tuesday in an apparent bid to defect from Kim Jong Un’s Hermit Kingdom, the South Korean military said Wednesday. The man, who is reported to be in his 20s, appeared to have swam across the maritime border…
“#Century 21 to reopen in South Korea later this year” This fall, price-conscious fashionistas once again will be able to get their Century 21 fix — in South Korea. The iconic Big Apple department store — a mecca for bargain hunters until it went bankrupt in September and liquidated its 13 stores in New York,…