March 15, 2021

South Korea deepens probe on tax evasion via cryptocurrencies

According to The Korea Herald, the tax agency has identified more than 2,400 tax evaders who used cryptocurrencies to hide assets worth over 36.6 billion won […]
February 23, 2021

Bank of Korea chief says crypto has no intrinsic value, expects volatility

Bank of Korea Governor Lee Ju-yeol stated that crypto assets like Bitcoin have no intrinsic value, local news agency Yonhap reports Tuesday. The official stated that […]
February 3, 2021

Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company

Hanwha Investment and Securities, the securities brokerage arm of Hanwha Group, has reached an agreement to buy a 6.15% stake in Upbit’ operator Dumanu for 58.3 […]
January 18, 2021

Huobi Korea is certified by the Korea Internet and Security Agency

A major regulator has approved Huobi Korea, the South Korean arm of the world’s second largest cryptocurrency exchange by trading volume. According to a January 18 […]
January 14, 2021

South Korea’s tourist hotspot launches DLT-based app tracing COVID-19

On Jan. 14, the Jeju Special Self-Governing Province and blockchain technology firm Iconloop announced that the blockchain-based contact tracing system is now fully operational.  Called “Jeju […]
January 7, 2021

Major gaming conglomerate Nixon prepares to acquire Bithumb

According to South Korean media on Jan. 7, Nexon, a multi-billion dollar gaming conglomerate, has signed a memorandum of understanding (MoU), to acquire the exchange at […]
December 24, 2020

Korean crypto investment company launches $120 million fund for blockchain projects

According to Cointelegraph, the funds were raised via Hashed Ventures Inc., a new entity that will oversee the deployment of the nine-figure investment. The company has […]
December 1, 2020

South Korea delays new tax regime on cryptocurrencies until 2022

According to Yonhap on Dec. 01, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new […]
November 24, 2020

Bithumb crypto exchange temporarily closes some offices due to COVID-19 pandemic

Bithumb, the cryptocurrency exchange in South Korea, is preparing to close some of its offices due to the ongoing COVID-19 pandemic. According to an announcement on […]