crypto-asset Archives | Be Korea-savvy

S. Korea Joins Int’l Community for Promoting Crypto-asset Reporting Framework

SEOUL, Nov. 10 (Korea Bizwire) — South Korea joined the United States, Britain, Japan and dozens of other countries to issue a statement calling for the promotion of the international framework on automatic exchanges of information on crypto-asset transactions to ensure tax compliance, the finance ministry said Friday. In August 2022, the Organization for Economic [...]

S. Korean Banks’ Investment in Crypto-assets Totals 2 tln Won in 2017

SEOUL, Jul. 6 (Korea Bizwire) — South Korean banks’ investment in crypto-assets remained low despite a recent craze for the new type of digital currencies, a central bank report said Friday. The outstanding balance of virtual accounts in local banks reached 2 trillion won (US$1.79 billion) as of December last year, according to the report [...]