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...
Category : South Korea
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...
Bank of Korea publishes book on central bank digital currency’s legal issues
Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency in 2021. Preparations appear to be going...
Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company
South Korean conglomerate Hanwha Group is reportedly acquiring a stake in the parent company of major local cryptocurrency exchange Upbit. Hanwha Investment and Securities, the...