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“# Execs from ‘99% fake’ exchange face charges over market manipulation ” South Korean authorities have charged executives of what was once the country’s third-largest cryptocurrency exchange, Coinbit, over market manipulation allegations. According to news outlet News1, prosecutors are preparing a case against Coinbit chairman Choi Mo and two unnamed executives on charges of fraud…
“# South Korea to delay new tax regime on cryptocurrencies until 2022 ” The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022. According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new…
“#N. Korea hackers attempt to access South Korean COVID-19 vaccine makers” North Korean hackers have reportedly tried to access the networks of South Korean companies developing coronavirus vaccines. Ha Tae-Keung, a member of the national assembly, told the News1 agency on Friday that he was briefed by the National Intelligence Service on the attempted hacking…
“# South Korean government to delay crypto tax rules by three months ” The South Korean National Assembly is planning to delay the implementation of new income tax laws on cryptocurrency gains following appeals from industry bodies. According to a Nov. 25 report on Korean-language news site DongA, the 20% tax, originally due to be…
“# Bithumb crypto exchange temporarily closes some offices due to COVID-19 ” Bithumb, the largest cryptocurrency exchange in South Korea, is preparing to close some of its offices due to the ongoing COVID-19 pandemic. According to an official announcement on Nov. 23, Bithumb will be temporarily suspending its offline support center in Gangnam to prevent…
“#pledges by big polluters boost Paris hopes” BERLIN — The UN’s climate chief says deadlines set by some of the world’s top polluters to end greenhouse gas emissions, along with US President-elect Joe Biden’s pledge to take Washington back into the Paris accord, have boosted hopes of meeting the pact’s ambitious goals. The agreement signed…
“#South Korean ‘sparrows’ try to cap surge of throwaway plastic” SEOUL – At a workshop in the South Korean capital, two environmental activists melt down old plastic bottle caps that thousands of volunteers known as “sparrows” have collected in a bid to fight a tide of plastic the novel coronavirus has helped unleash. Green activists…
“# China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card ” Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a cryptocurrency-supporting digital card. Danal’s crypto wallet Paycoin, and its crypto token of the same name, will…
“# South Korean financial watchdog to ban privacy coins ” According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under…
“#Woman reunited with family 44 years after going missing in S. Korea” A Vermont woman adopted from South Korea has been reunited with her birth family after she vanished as a young child more than four decades ago. Denise McCarty, 46, of Springfield, never knew that she and a twin sister, Sang-Hee, had become lost when…