South Korea Imposes 20% Crypto Tax and New Cryptocurrency Regulations
Crypto tax regimes have generally drawn criticism from South Korean crypto enthusiasts who believe the imposed taxes are heavier on cryptocurrency trading when compared with...
Tag : South
South Africa Saw World’s Biggest Crypto Scam Of 2020
As far as cryptocurrency scams go, 2020 wasn’t exactly the biggest stunner ever, bearing in mind that 2019 was actually a bloodbath. In 2020, USD...
South Africa’s MTI was world’s biggest crypto scam in 2020
It’s official: Mirror Trading International (MTI) was the world’s biggest crypto scam of 2020, having roped in US$588-million (R8.6-billion) worth of bitcoin across 470 000 transactions,...
South Africa’s MTI named as the biggest crypto investment scam in the world
Data firm Chainalysis has named Mirror Trading International’s (MTI) scheme as 2020’s biggest investment scam in its latest review of cryptocurrency-related crimes. MTI is being...
South Korean Telecoms Giant KT Posts ‘Sevenfold’ Blockchain Profits
Source: Adobe/JHVEPhoto The coronavirus pandemic has slowed down trade in a huge swathe of industries, but some, such as the telecommunications sector – appear to...
South African watchdog warns against growing digital currency scams
South Africa’s financial services watchdog is warning the public against the rising number of cryptocurrency scams in the country. The warning comes after over 260,000...
South Africa’s Tax Regulator Goes After Crypto Traders
As cryptocurrency is gradually gaining recognition globally, authorities worldwide are putting some restrictive measures in their respective region. Local Media reported last week that the...
South Africa Faces Increase In Crypto-Related Scams
As the crypto industry grows globally, bad actors are using the success to enrich their pockets. One of Africa’s biggest economy, South Africa currently sees...
South African Regulator, FSCA, Wants Tighter Regulation for Trading Cryptocurrencies, Says a Bloomberg Report
Following the widely-publicized expose’ of Mirror Trading International crypto ponzi scheme in South Africa, it looks like the regulator wants tighter control of the industry....
‘Over-Regulation’ May Scupper South Korea’s Fledgling Crypto Sector
Source: Adobe/y fran_kie Critics have accused Seoul of “over-regulation,” claiming that a new South Korean crypto law – which will promulgate in a matter of...
South Korean Carrier SKT Launches Blockchain-powered Certification App
Source: Adobe/pvl The South Korean mobile carrier SK Telecom (SKT) has announced the launch of a blockchain-powered ID and authentication certificates service. According to Gvalley...
Liquidators demand a detailed investigation of a rumored South African Bitcoin plan
High Court’s order of liquidation Lquidators of Mirror Trading International demand an expanded inquiry of the alleged Bitcoin multi-tiered marketing project Herman Buster, one of...
Following Successful Pilot, South Korea’s Jeju Island Launches Blockchain-Based Contact Tracing App to All Visitors
South Korea’s Jeju Island Launches Blockchain-Based Contact Tracing App to All Visitors Following Successful Pilot, South Korea’s Jeju Island Launches Blockchain-Based Contact Tracing App to...
Liquidators seek expanded probe of alleged South African Bitcoin scheme
Less than a month after a Cape Town High Court granted a provisional order of liquidation against Mirror Trading International, the liquidators are seeking expanded...
South Korea’s tourist hotspot launches DLT-based app tracing COVID-19
Jeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology. On Jan. 14,...
South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about...
Order Book Sharing Ban Could Shake South Korean Exchanges to the Core
Source: iStock/TwilightShow New government regulations that will force South Korean crypto exchanges to cease order book sharing with overseas trading platforms could have a seismic...
CEO of MTI Bitcoin Ponzi Scheme Flees South Africa in Possible Exit Scam – Funds Blocked
In an unexpected turn of events, the management team at Mirror Trading International (MTI) now suggest that their CEO Johann Steynberg may have exit scammed....
South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged...
South Korean Province to Create Youth Blockchain Jobs with New Fund
Buddha statues at the Unjusa temple in Hwasun, South Jeolla Province. Source: Adobe/Hannizhong South Korea’s South Jeolla Province has announced plans to spend USD 14m...
A City in South Korea is Expanding Its Blockchain Payment Program
A major satellite city in South Korea, Seongnam, is preparing to expand its existing blockchain-powered payment program by issuing new digital gift certificates. According to...
South Korean’s Silicon Valley Turns to Blockchain-powered Pay
Source: Adobe/weyo Seongnam, a major satellite city on the outskirts of the capital Seoul, South Korea, is set to expand its blockchain-powered payment program with...
South Korean Highways Will Have Blockchain-Powered Toll Payments
KEB Hana Bank, one of the biggest commercial banks in South Korea, reached an agreement with the state-backed highway operator, the Korea Expressway Corporation, to...
South Korea’s Largest Bank Unveils Bitcoin Custody Services | Fintech Zoom
South Korea’s Largest Bank Unveils Bitcoin Custody Services | Fintech Zoom – World Finance
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South Korea’s Largest Bank Unveils Bitcoin Custody Services
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland...
South Korean Beachgoers Can Now Use Bitcoin to Pay for Services
A pilot project run by Bitbeat-affiliate company CIC Enterprise wants to provide crypto payment solutions at two of the busiest beaches of the country for...
Major South Korean Bank Joins the Crypto Custody Business
KB Kookmin Bank, one of the largest banks in South Korea, has partnered with blockchain venture fund, Hashed, and crypto trading platform, Cumberland Korea, to...
