SOUTH KOREA

South Korea to tax crypto income from next year

The country plans to make traders, miners and projects receiving initial coin offerings to pay income tax from March 2021 South Korea will tax cryptocurrency traders, miners, and initial coin offerings from next year, according to reports in local news outlets. The Korean tax agency, working to regulations introduced by the Ministry of Economy and […]

South Korean Crypto Exchange Is First to List Kakao’s Token

Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs. South Korean tech giant, Kakao, listed its Klaytn blockchain-issued Klay (KLAY) token via a local cryptocurrency exchange on June 5. This news follows their launch of a new crypto wallet feature in KakaoTalk earlier the week. After […]

Korea university to build blockchain and AI campus

A South Korean university has announced that it’s building a blockchain and artificial intelligence (AI) campus in the city of Daegu. The campus will take a year to construct, with admission set to begin in 2021. Suseong University partnered on the initiative with the Korea Artificial Intelligence Association (KORAIA). In an announcement on local outlet […]

India’s central bank says there are no curbs for banks to serve crypto traders

The Reserve Bank of India (RBI) has clarified its stance on banks providing accounts to traders dealing with virtual currencies, saying “no such prohibition exists” for banks to serve these customers, the Economic Times reports. The central bank was responding to a Right to Information (RTI) query sent by Indian bitcoin processor Unocoin’s co-founder BV […]

South Korea to tax crypto income from next year

The country plans to make traders, miners and projects receiving initial coin offerings to pay income tax from March 2021 South Korea will tax cryptocurrency traders, miners, and initial coin offerings from next year, according to reports in local news outlets. The Korean tax agency, working to regulations introduced by the Ministry of Economy and […]

Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries

Top Chinese political advisers have proposed a regional digital currency that would be backed by four major Asian currencies including the Japanese yen, Korean won, Hong Kong dollar and the yuan. The proposal unveiled Thursday describes the currency as a “stablecoin,” a term for cryptocurrencies designed to hold their value and backed by a reserve […]

Bank of Korea eyes CBDC amid improving blockchain tech

Central banks are increasingly considering launching digital currencies, as advances in blockchain and payments technology make it increasingly more feasible, according to a report published by the Bank of Korea. The report builds on the bank’s research into central bank digital currencies (CBDCs) around the world, which examined progress at some 14 reserve banks known […]

Zimbabwe: Zimbocash Lists On Cryptocurrency Exchange Platform

The newly-launched blockchain token for Zimbocash, a project that is developing a national decentralised currency network in Zimbabwe, has been listed on major international cryptocurrency exchange Bithumb Global with a free-floating price in trade. Zimbocash revealed that as the Zimbabwean dollar collapses in value, the token launch and listing propels it forward in providing an […]

Chinese Officials Propose East Asian Stablecoin

Chinese officials plan to create a stablecoin backed by a basket of Asian digital currencies. The currencies involved are the Japanese yen, Korean won, Chinese yuan, and the Hong Kong dollar. This effort is separate from the People’s Bank of China’s central bank digital currency. Chinese officials proposed a regional stablecoin backed by four major […]

Top Korean Blockchain Platform Joins Celo Alliance

How To Choose An ICO To Invest In New ICOs (OTC) While Facebook’s Libra project appears to have stagnated after facing international pushback from regulators, rival blockchain platform Celo is gaining momentum. Klaytn, the public blockchain platform developed by Ground X, an affiliate of the major South Korean internet company, Kakao, joined Celo’s Alliance for Prosperity […]

China steps up testing to release world’s first sovereign digital currency

How To Choose An ICO To Invest In New ICOs (OTC) Reports that China was launching a pilot program to test its ambitious Digital Currency Electronic Payment made headlines in late April, amid the emergence of screenshots on social media showing the DCEP wallet. As China expands globally, seeking significant financial autonomy and less dependency on […]

Will Asia’s tightening of crypto-regulations threaten its ‘crypto-hub’ position?

How To Choose An ICO To Invest In New ICOs (OTC) Asia has been called the ‘crypto-hub’ of the world for a long time now. Countries like Japan, Singapore, South Korea, and China have all recorded significant growth in the space over the past few years. With this, Asia has positioned itself way ahead of other […]

Samsung Galaxy Store Adds TRON Decentralized Applications

How To Choose An ICO To Invest In New ICOs (OTC) Samsung has added support for TRON-based decentralized applications to its Galaxy Store, allowing users in Europe and the United states with access to its built-in crypto wallet to interact with the TRON blockchain. Samsung mobile device users are now able to download decentralized applications from […]

Binance Completes 11th BNB Burn Erasing More Than 10% of Total Supply

How To Choose An ICO To Invest In New ICOs (OTC) According to Binance’s official announcement, the exchange was able to burn 3,373,998 BNB in its 11th quarterly burn. So far, this has been the biggest BNB burn, followed closely by its 4th burn at 2.5 million BNB coins. Binance burns BNB tokens as a way […]

Bitcoin: Are current crypto-tax laws hindering coin’s adoption?

How To Choose An ICO To Invest In New ICOs (OTC) Crypto-taxing has been talked about a lot lately. While South Korea’s regulators recently stated that taxes cannot be imposed on crypto-profits, Spain’s tax agency, the Agencia Estatal de Administración Tributaria (AEAT), just a week ago announced the delivery of notices to around 66,000 digital […]

Binance adds 5 new Fiat Currencies for Trading Cryptocurrency

How To Choose An ICO To Invest In New ICOs (OTC) Binance recently extended its fiat currency support with the addition of five more currencies. The exchange platform has now added the fiat currencies from South Korea (KRW), Kazakhstan (KZT), Peru (PEN), Kenya (KES), and Colombia (COP). Traders from these countries can directly deposit their local fiats with […]

South Korea’s Largest Crypto Unveils New Consensus Algorithm

South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8. The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine Fault Tolerance (PBFT) consensus types, without compromising security. Innovation reduces network load and improves throughput […]

South Korea’s Central Bank Launches Digital Currency Pilot Program

How To Choose An ICO To Invest In New ICOs (OTC) The Bank of Korea announced on April 6 that it has launched a pilot program to assess the logistics of issuing a central bank digital currency —  or CBDC. While the South Korean central bank has no immediate plans to introduce such a currency, the […]

Crypto-market, traditional stock market inter-connectivity a sign of long-term volatility

How To Choose An ICO To Invest In New ICOs (OTC) No market came out well out of the bloodbath that was 12-13th March; not the traditional stock market nor the digital asset industry. The global financial markets went through a host of market crashes as major indices such as the S&P 500 and Dow Jones […]

Cryptocurrencies lose steam after monday’s bounce

How To Choose An ICO To Invest In New ICOs (OTC) On Monday, cryptocurrencies experienced a nice bounce from the short-term bottom made during the weekend, but the volume was low, meaning a lack of conviction by the buyers. In the last hours, the volatility almost halted as a consequence of the lack of volume. Thus, […]

Binance Plans to Acquire Coinmarketcap.com for $400M: Report

How To Choose An ICO To Invest In New ICOs (OTC) Binance is considering to acquire Coinmarketcap.com, a digital currency data aggregator, and is already in the final stage of inking the deal. Originally reported by The Block on Tuesday, the deal can go as high as $400 million, however, none was officially revealed by either […]

MoneyGram’s Revenue Is Booming, Thanks To Ripple and XRP

How To Choose An ICO To Invest In New ICOs (OTC) Moneygram, – The second-largest money transfer company in the world (after Western Union) – reported an $11.3 million profit, obtained after its alliance with Ripple, implementing Ripple’s ODL solution, through its Annual Report to the U.S. Securities and Exchange Commission. Moneygram explained that the use […]

Thai fintech firm DeeMoney signs on to RippleNet

How To Choose An ICO To Invest In New ICOs (OTC) Thailand-based fintech firm DeeMoney has partnered with Ripple, an enterprise blockchain solution for global payments, to power cheaper cross-border money transfers. DeeMoney’s platform is now processing live transactions through Ripple’s global financial payments network. Dubbed RippleNet, the payments network comprises of more than 300 financial […]

South Korea to support blockchain companies with a $3M grant

South Korea is committing to supporting the growth of blockchain technology in the country and in its latest move, it has announced a 3.9 billion won ($3.09 million) grant. The grant will be administered by the Ministry of Science and ICT and will support up to nine blockchain companies. The companies will be selected based […]

Korea’s Qworld launches QRC simple payment system based on blockchain technology

Based on four years of angel investment and market experience in various blockchain projects, Qworld, led by co-founder Ko Do-hyoung, has launched the QRC System for simple payments, based on blockchain technology. The system supports payments in RMB, USD, KWN and various mainstream digital currencies. Ko Do-hyoung studied various cryptocurrency projects in the market, looking […]

Coinbase joins JVCEA as part of Japan license bid

American cryptocurrency exchange Coinbase has continued its quest for an operating license in Japan and in its latest move, it has joined a local self-governing body. Coinbase joined the Japan Virtual Currency Exchange Association (JVCEA) as a second-class member. Japan has been one of the most advanced crypto markets in the world, with the Japanese […]

Bitcoin-S&P500 correlation jumps as markets take a hammering

It’s not every day that the most valuable equity index and the most valuable cryptocurrency in the world move in the same direction. The outbreak of Covid-19, precipitated by the recent rising cases in Italy, South Korea and Iran, global markets, has led to a massive sell-off. The S&P500 lost 12 percent of its value, […]

PayPal Partners with UnionPay to Expand Its Network in China

Within the partnership, UnionPay cardholders will be able to add their UnionPay cards to PayPal accounts and use them in countries where PayPal is accepted. On Wednesday, it got about that American online payments company PayPal had partnered with UnionPay International (UPI), a subsidiary of the Chinese leading payment processor UnionPay. For both companies, the […]

SAFCOIN launches Africa’s first blockchain-powered freelance jobs marketplace

SAFCOIN, an exclusive African cryptocurrency, has launched Africa’s first blockchain-powered micro jobs platform, aimed at connecting businesses and gig economy workers across Africa, for free. MobiJobs.Africa lets start-ups and small to medium-sized businesses list jobs, search freelancer profiles, and establish an online presence without set-up, hosting, or development costs. It also lets freelancers market their […]

Japanese Asset Manager SBI Adds to Stake of Crypto Security Firm

Japanese financial conglomerate SBI Holdings Inc. has led a group of investors participating in a Series B $16.75 million funding round for CoolBitX, a Taiwanese blockchain security company offering services to help crypto exchanges comply with more stringent international standards for collection of user information. With the latest funding round, CoolBitX is now valued at […]

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