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New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

Australia’s New South Wales is proposing a flexible regulatory reform to accommodate the thriving blockchain and cryptocurrency ecosystem

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.

South Korean Bank, KB Kookmin, Shares Blockchain Strategy

South Korean Bank, KB Kookmin, Shares Blockchain Strategy

KB Kookmin, a major South Korean bank, is planning to adopt blockchain technology into its internal processes.

Unclear Crypto Regulations in South Africa Alarm Entrepreneurs

Unclear Crypto Regulations in South Africa Alarm Entrepreneurs

Cryptocurrency regulation is still largely unclear in South Africa, creating a strenuous business environment for crypto entrepreneurs.

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-powered driving licenses were made available as an option in South Korea in May.

South Korea Is Looking to Put Trade Finance on the Blockchain

South Korea Is Looking to Put Trade Finance on the Blockchain

The South Korean government wants all trade to be on the blockchain, Coindesk reports.

South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds

South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds

The South Korean administration might consider categorizing proceeds from cryptocurrency transactions as other income that is subjected to 20% tax, such as prize-winning or lottery.

South Korean Police Raid Bithumb Crypto Exchange Headquarters On Fraud Allegations

South Korean Police Raid Bithumb Crypto Exchange Headquarters On Fraud Allegations

South Korean Police have raided the headquarters of Bithumb cryptocurrency exchange as part of an investigation into fraud.

BitMEX Invests in South Africa’s Largest Bitcoin Exchange

BitMEX Invests in South Africa’s Largest Bitcoin Exchange

In a bold financial move, the parent company of BitMEX cryptocurrency exchange has decided to invest in a South Africa’s biggest Bitcoin exchange, VALR.

S. Korean Regulators Oppose Busan's Regulatory Measures for Foreign Crypto Exchanges

S. Korean Regulators Oppose Busan's Regulatory Measures for Foreign Crypto Exchanges

South Korean financial authorities expressed their opposite stance against Busan City to provide special regulatory support for partners to establish digital asset exchanges.

South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020

South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020

The South African Reserve Bank (SARB) is planning on introducing new regulations on cryptocurrency, which according to Kuben Naidoo, SARB deputy governor, will be fully implemented and enforced in the first quarter of 2020 and it brings to an end a deliberation that started since 2014.

South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon

South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon

The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder.

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