South Korea to Delay Introduction of Tax on Crypto Traders
Yoon Suk-yeol has recently won the presidential election in South Korea.
Yoon Suk-yeol has recently won the presidential election in South Korea.
With BTCC becoming a part of the VerifyVASP Alliance, it implies that investors can freely transfer their cryptocurrency between BTCC and other exchanges that meet the regulations of FATF in South Korea.
The South Korean Financial Services Commission (FSC) has notified cryptocurrency companies that they must comply with the FATF “travel rule” from last March 25.
"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)
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