Tag:South

South Korea’s Largest Digital Asset Exchange Bithumb Might Invest $8 Million in Country’s Regulatory Free Zone

Bithumb, South Korea’s largest digital asset exchange, might invest over $8 million into the nation’s regulatory sandbox program and ecosystem. Through its subsidiary GCX Alliance,...

South Korea Officials Cause Confusion With Drafting Legislation to Tax Individual Cryptocurrency Profit

South Korea officials are reportedly causing some confusion with the latest drafted legislation that will tax individual crypto profits. According to Cointelegraph, South Korea’s...

South Korea’s National Tax Service to Withhold $70 Million in Taxes from Leading Crypto Exchange Bithumb

The National Tax Service (NTS) of South Korea confirmed that it will be withholding taxes worth an estimated 80.3 billion Korean won (appr. $70...

South Korea joins the race to issue a digital currency

South Korea is setting up a task force to research the possibility of launching a state-backed digital currency, reports the Korea Times....

South Korean exchange Bithumb delists five cryptocurrencies

Bithumb, one of the largest crypto exchanges in South Korea, delisted two cryptocurrencies last week. It follows the firm’s decision to remove...

Major South African Bank FNB Closes Cryptocurrency Business Accounts

As of March 2020, “Top Four” South African Bank FNB will no longer provide business banking to, “(cryptocurrency) trading platforms and intermediaries that trade in...

Top South Korean Bitcoin exchange loses $50 million ether

UPbit, South Korea’s largest cryptocurrency exchange, said in an official announcement that it has lost 340,000 ether (ETH), worth $51.3 million. In an official...

FirstRand Bank in South Africa Shutting Down Accounts Linked to Crypto Exchanges

FirstRand Bank (FRB) in South Africa is shuttering accounts affiliated with cryptocurrency exchanges, according to a report in MyBroadband. Quoting a letter seen by the...

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4 Tips on How To Succeed on Bitcoin Trading

Bitcoin is a type of cryptocurrency which has grabbed the attention of countless people from different countries....
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The First Cryptocurrency Bank License Is Now Granted

This is a historic development. A milestone in Bitcoin's path to broad acceptance and recognition. The State...

Yield Farming Program “Volcano” Kicks off Dutch Auction for Cryptokitties KittieFIGHT Game

In the fall of 2017, along with the rallying of Bitcoin and other digital assets, Cryptokitties dominated...

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4 Tips on How To Succeed on Bitcoin Trading

Bitcoin is a type of cryptocurrency which...

The First Cryptocurrency Bank License Is Now Granted

This is a historic development. A milestone...