BYDFi Joins CODE VASP, Advancing Regulatory Efforts in Korea
Seychelles, Seychelles, 16th December 2024, Chainwire
Seychelles, Seychelles, 16th December 2024, Chainwire
The National Assembly of South Korea has come to a consensus to postpone the implementation of a cryptocurrency tax until 2027.
According to The Korea Times, the South Korean government is planning to regulate transactions involving virtual assets, including cryptocurrencies.
South Korea’s second largest cryptocurrency exchange, Bithumb, has made a formal announcement of its plans to explore listing on the US Nasdaq.
Major cryptocurrency operators in South Korea will now need to pay a supervisory fee as part of the recently implemented Virtual Asset User Protection Act.
South Korea’s much-anticipated Virtual Asset User Protection Act (VAUPA) has officially taken effect, a significant step in regulating the country’s booming cryptocurrency market.
The Financial Supervisory Service of South Korea has announced it has created a new 24-hour surveillance system for the cryptocurrency market.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
Altcoins Banks Bitcoin Blockchain chain China crypto Cryptocurrency Crypto exchanges Crypto mining Crypto regulations Decentralized Finance Elon Musk ETH Exchange-traded fund Facebook Fintech France Funding GameFi Hackers India Investment Iran Japan Metaverse NFTs North Korea Russia Sanctions South Korea Stablecoins Technologies Tesla The city of Minsk Mazowiecki in Poland Twitter UK Ukraine US