Cryptocurrency

Uncertainty looms as crypto taxation begins next year

Financial industry officials and investors are expressing concerns about the taxation on cryptocurrency scheduled to begin next year, noting that the country has yet to establish the relevant legal framework.

Jun 11, 2024By Lee Yeon-woo

Uncertainty looms as crypto taxation begins next year

NFT collectibles to be excluded from scope of Korea's first cryptocurrency law

Non-fungible tokens (NFTs) will be excluded from the scope of virtual assets defined under the Act on the Protection of Virtual Asset Users, which will come into effect July 19. The act will be Korea's first legislation on cryptocurrency and its investor protection.

Jun 10, 2024By Anna J. Park

NFT collectibles to be excluded from scope of Korea's first cryptocurrency law

Forbes ranks Upbit as world's 4th most trustworthy crypto exchange

Upbit, Korea's largest cryptocurrency exchange, was ranked fourth among the world's most trustworthy cryptocurrency exchanges by Forbes.

May 21, 2024By Lee Yeon-woo

Forbes ranks Upbit as world's 4th most trustworthy crypto exchange

Bithumb moves fast to expand market share

Upbit, Bithumb solidify leadership in market with impressive Q1 earnings

Upbit and Bithumb announced impressive first-quarter earnings, backed by the rising interest in virtual assets and a recovery in investor sentiment. However, while both exchanges solidify their leadership in the market, other exchanges are experiencing financial difficulties.

May 17, 2024By Lee Yeon-woo

Upbit, Bithumb solidify leadership in market with impressive Q1 earnings

Is Korea becoming playground for cross-border coin speculation?

Market cap of virtual assets in Korea jumps 53% in 2nd half of last year

The value of Korea's virtual asset market expanded over 50 percent from six months earlier in the second half of last year, on rising prices of cryptocurrencies, data showed Thursday.

May 16, 2024

Market cap of virtual assets in Korea jumps 53% in 2nd half of last year

Competition among cryptocurrency exchanges heats up with introduction of staking services

The scale of domestic staking services, where users deposit their coins to receive rewards, has expanded into the trillions of dollars.

May 13, 2024By Lee Yeon-woo

Competition among cryptocurrency exchanges heats up with introduction of staking services

Iris scanning resumes in Korea for Sam Altman's Worldcoin amid controversy

A woman who goes by the English name Emma said she recently took her husband to Seongsu-dong in Seoul to have his iris scanned after Worldcoin resumed its service in Korea.

May 9, 2024By Lee Yeon-woo

Iris scanning resumes in Korea for Sam Altman's Worldcoin amid controversy

Naver, Kakao launch Kaia after merger of blockchain platforms

Two blockchain platforms, each backed by IT giants Kakao and Naver, have unveiled the new brand identity of the new platform after their merger. Branded as Kaia, the unified blockchain ecosystem, will be launched by the end of June, according to the platforms.

Apr 30, 2024By Lee Yeon-woo

Naver, Kakao launch Kaia after merger of blockchain platforms

Terraform Labs founder Do Kwon protests decision for possible extradition to US

Fallen crypto mogul Do Kwon of Terraform Labs wants to avoid extradition to the United States and be sent to his native Korea, protesting a Montenegrin court's decision to leave the door wide open for potential extradition to the U.S.

Apr 24, 2024By Yi Whan-woo