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# Korea News

In an attempt to establish clarity about cryptocurrency and ICO regulations in the country, South Korea has called for an extraordinary National Assembly session to discuss the emerging crypto and blockchain industry. The meeting commenced on August 21, 2018, with an aim to develop a cohesive crypto and blockchain infrastructure...
Cryptocurrency exchanges are currently having a difficult time taking out an insurance policy due to security problems and countless cyberheists. Cryptocurrency Firms and Insurance According to Business Korea, cryptocurrency exchanges are currently in negotiations with insurance companies. The Korean Blockchain Association is in conversation with Hyundai Marine & Fire Insurance...
On June 22, 2018, reports emerged that the South Korean authorities were looking to categorize cryptocurrency trading profits as ‘other income' and levy a 10% tax on them. However, the Ministry of Strategy and Finance has refuted the rumors. A Ten Percent Tax on Bitcoin Trading? While the vibrant, relatively...
For the first time since the start of the year, the price of bitcoin dipped below $6,000 per coin, which marks a 10 percent decline versus the previous week and an over 50 percent drop year-to-date. The continuance of the bitcoin price decline was driven by the hack of Korean...
June 19, 2018 by at Blockchain, Finance, News, Tech
South Korea looks to blockchain technology to provide its next-generation digital identification system, according to a report on Korea JoongAng Daily. The new system proposed by the Korean Federation of Banks (KFB)  called BankSign, is a direct response to the recent move by the South Korean government in lifting its...
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