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Korea to add virtual assets to prohibited credit card transactions...Financial Services Commission to hold legislative preview of amendments to existing law

Korea to add virtual assets to prohibited credit card transactions...Financial Services Commission to hold legislative preview of amendments to existing law

The Financial Services Commission announced on Feb. 4 that it will hold a legislative preview of a proposed amendment to the Enforcement Decree of the Credit and Specialized Financial Business Act, which includes a motion to add virtual assets to the list of prohibited card transactions, from today until Feb.

South Korea's Financial Services Commission "Overseas criminals can't run domestic coin exchanges... Binance targeted"

South Korea's Financial Services Commission "Overseas criminals can't run domestic coin exchanges... Binance targeted"

Financial authorities have decided to restrict those who have violated overseas financial laws from entering the domestic cryptocurrency market, according to the Seoul Shinmun. According to a document obtained by the newspaper on March 3, the Financial Services Commission will amend the enforcement decree of the Act on Reporting and

Goldman Sachs mulling involvement in BTC spot ETF AP

Goldman Sachs mulling involvement in BTC spot ETF AP

Goldman Sachs is likely to play a key role in a BTC spot ETF filed by BlackRock and Grayscale, CoinDesk reports, citing two sources. The sources, who asked not to be identified, said Goldman Sachs is in talks to become an AP. APs play a key role in creating and

National Tax Service "Virtual Assets Stored in Metamask, Excluded from Overseas Account Reporting"

National Tax Service "Virtual Assets Stored in Metamask, Excluded from Overseas Account Reporting"

According to a report by Digital Asset, the National Tax Service has announced that virtual assets held through non-custodial, decentralized virtual asset wallets such as cold wallets (offline wallets) will not be subject to overseas financial account reporting. The official interpretation of the law comes after it was unclear whether

Crypto 'Fear-Greed Index' at 70... Investor Sentiment Slows Slightly

Crypto 'Fear-Greed Index' at 70... Investor Sentiment Slows Slightly

Crypto data provider Alternative's self-estimated Fear-Greed Index fell one point from the previous day to 70. The greed stage remained intact despite a slight contraction in confidence. The index indicates extreme fear in the market as it approaches zero, and extreme optimism as it approaches 100. The Fear

President Yoon "Pushes to Abolish Financial Investment Income Tax"

President Yoon "Pushes to Abolish Financial Investment Income Tax"

President Yoon Seok-yeol on Feb. 2 became the first sitting president to attend a stock market opening ceremony and said he would "push for the abolition of the financial investment income tax," according to Financial News. President Yoon attended the '2024 Securities and Derivatives Market Opening Ceremony&

MetaGalaxy to sell NFTs at GS25..."Korea's first convenience store offline NFT"

MetaGalaxy to sell NFTs at GS25..."Korea's first convenience store offline NFT"

MetaGalaxia announced today that it will begin offline sales of NFTs (non-fungible tokens) at GS25 convenience stores, the first in Korea. This will allow customers to purchase and hold NFTs issued and sold by MetaGalaxia at convenience stores. Metagalaxy is operated by Galaxy Metaverse. The NFTs sold at GS25 convenience