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. The country...

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 three assets...

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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How Enterprises Could Capitalize On The Rise Of NFTs

In times past, creatives and other professionals had problems monetizing their work. They had to be part of a...
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Why Blockchain is the Foundation of the Healthcare Industry

The fast-paced development of technology is empowering mankind to an enormous extent. Undoubtedly, the onset of the 21st century...

New York Senate Passes Bill to Stop Bitcoin Mining In The City

The New York senate has just passed a bill that restricts Bitcoin mining. It also restricts granting Bitcoin mining...

Must read

How Enterprises Could Capitalize On The Rise Of NFTs

In times past, creatives and other professionals had problems...

Why Blockchain is the Foundation of the Healthcare Industry

The fast-paced development of technology is empowering mankind to...