South Korea

South Korea to Start Taxing Bitcoin Profits in 2021

South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry of Economy and Finance proposed the amendments to the existing tax law …

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LG Shows Interest in Distributed Ledger Technology, Joins Hedera Hashgraph Governing Council

LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations. Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is the first home appliance manufacturer to join the Hedera …

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South Korean University Announces New Blockchain Campus

South Korea’s Suseong University reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain and AI campus in Daegu. According to the announcement published by local media outlet Money Today, the Daegu-based university plans to teach about AI, big data, and cloud-based technology in the brand-new department. …

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COVID-19 Incentivizing Crypto and Leading Mainstream Adoption

Crypto is a place where everything changes faster than in any other industry, and seeing as it was born in the age of the internet, this is quite fitting. Today, China is leading the global digital asset initiative. The train of innovations seems to go faster as the digital yuan (also referred to as DCEP) …

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COVID-19 resurges in reopened countries; Wuhan sees first cluster in a month

Enlarge / WUHAN, CHINA – MAY 11: Residents wears face masks while riding their bicycles and scooters. The government has begun lifting outbound travel restrictions after almost 11 weeks of lockdown to stem the spread of COVID-19. Getty | Stringer The World Health Organization on Monday called for continued vigilance as several areas that have …

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South Korea Sees Influx of Blockchain Platforms for Unlisted Stocks

The South Korean blockchain space is seeing a steady stream of platforms specialized in trading for unlisted stocks, following on from a major offering from state-backed financial IT firm Koscom last year. Business Korea cites two unnamed industry sources on May 11, who have claimed that two further platforms from Kakao-backed Dunamu and PSX will …

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