#South Korea

Korea Imposes 20% Tax on Capital Gains From Crypto Transactions

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.

Binance Accused of Stealing $1 Million Worth of Assets: Company Denies Everything but Class Action Underway Binance Accused of Stealing $1 Million Worth of Assets: Company Denies Everything but Class Action Underway

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.

Crypto Is Now Legal In India and South Korea. What Does It Mean? Crypto Is Now Legal In India and South Korea. What Does It Mean?

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 Crypto Exchange to Expand International Activities After Raising $200 Million Funding

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.

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