South Korea’s Ministry of Economy and Finance has established a 20% income tax on cryptocurrency transactions. The new regulations have been included in the revised tax code.
In November 2018, Binance cryptocurrency exchange blocked an account containing almost $1 million worth of funds. Its owner accuses the site employees of embezzlement. This was initially reported to Forklog by the representatives of HackControl.
On March 4th, the Supreme Court of India ruled against the Reserve Bank of India’s decision to ban the country’s banks from dealing with digital currencies. The next day, on March 5th, the South Korean authorities have effectively legalized cryptocurrencies.
Bithumb, one of the biggest Bitcoin exchanges in , has secured a whopping $200 million in a Series A funding round from the Japan-based ST Blockchain Fund.