South Koreans File Online Petitions Seeking to Remove a Chief Regulator After...
As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of the country’s Financial Services Commission (FSC). Over 141,000 Signatures Collected in One Petition The presidential website is now being filed with thousands of petitions from furious people aged 20-39, seeking that Eun Sun-soo, the FSC’s chief, resign. The drop that broke the glass were the....
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South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. New Crypto Investors Seem Unafraid of Strict Regulations According to the “Virtual Currency App Market Analysis” research made by big data firm IGA Works, quoted by Edaily, almost 60% of the newest crypto investors in the country are aged 20-30. Remarkably, such a segment of traders often prefers to allocate....
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a little more than half of South Koreans support the taxing of profits from cryptocurrency trading, local media reported on Monday. In numbers, 53.7 percent of the respondents back the authorities’ initiative to levy taxes on capital gains....
Three separate online petitions have been opened by individuals who have reportedly lost their investments in the defunct HashOcean Bitcoin mining company. They are seeking to get the interest of the relevant transborder crimes department of law enforcement agencies such as the FBI, CIA, Interpol and MI6. The petitions include FBI - EUA: FIND HASHOCEAN.COM by Hugo Trombini in Brazil, FBI - EUA - CIA - MI-6 - INTERPOL: FIND OWNER HASHOCEAN.COM by Adam A. from the United Kingdom and FBI And Interpol Hashocean 700,000 people swindled by Gonzalo D. from Ciudad Autónoma de Buenos Aires,....
The Korea Financial Intelligence Unit (KoFIU) has decided to pursue some crypto firms that lack proper regulatory approval. A total of 16 firms have been in the regulator’s radar as they have not aligned with the regulatory approval. These firms had advertised crypto and and had offered the services to the Koreans without having appropriate […]
South Koreans will be able to use bitcoin to pay on thousands of websites, after payments gateway giant Galaxia Communications announced it will add bitcoin as a payment option. Galaxia is one of the top three companies processing online payments in Korea, with more than 10,000 domestic and international websites on its client list. It is also one of the top mobile gift certificate and voucher sellers in Korea, which may now be purchased with bitcoin as well. Local bitcoin payment processor and software developer Coinplug will provide technical assistance for bitcoin transactions.....