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Jeju Island in Korea Seeks to Become Free Zone for ICOs
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Jeju Island in Korea Seeks to Become Free Zone for ICOs

The Korean island of Jeju is currently seeking to become a free zone for ICOs (Initial Coin Offerings). If approved, the plan will enable crypto projects to conduct their token sales in the self-governing province of Jeju-do, despite South Korea's tough stance on this issue. The idea was proposed by...
Binance CEO talks about concern with Tether
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Binance CEO talks about concern with Tether

In a conference in South Korea, Changpeng Zhao, the Binance CEO answered questions about the company’s relationship with the controversial stablecoin Tether. While Binance is one of the largest holders of Tether, he said that the ‘concern is always there’. One of these questions came from Ran Neu-Ner who asked...
South Korean Crypto Exchanges May Soon Lose Tax Benefits
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South Korean Crypto Exchanges May Soon Lose Tax Benefits

The South Korean government may soon stop providing significant tax benefits it grants to cryptocurrency exchanges and other small startups. The South Korean government has proposed a revision to the current tax law in the country, according to which, cryptocurrency exchanges would no longer be categorized under the category of...
South Korean Telecoms Company KT Launches Own Blockchain Network
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South Korean Telecoms Company KT Launches Own Blockchain Network

KT Corporation, one of the two leading telecoms firms operating in South Korea, has launched its own “proprietary blockchain network” to increase efficiency across areas ranging from ID verification to data roaming, with the help of blockchain technology. According to a report, the telecoms giant unveiled its KT Network Blockchain...
South Korea Deliberates on Crypto Regulation
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South Korea Deliberates on Crypto Regulation

South Korea is in an urgent need of international cooperation in the area of cryptocurrencies and it has been in the early stages of developing its regulations. But due to the large series of assessments among government agencies, Uniform rules represent a major challenge and pose a big problem in...
Samsung Accepts Crypto For Payment In Partnership With CoPay
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Samsung Accepts Crypto For Payment In Partnership With CoPay

Samsung is now going to be accepting cryptocurrency for payment in three Baltic countries because of its partnership with the CoPay platform. The stores that will accept cryptocurrency are located in Tallinn (Estonia), Riga (Latvia), Vilnius (Lithuania), and Kaunas (Lithuania). There is no information from either of the companies about expected...
Blockchain is Attracted by South Korea for Tax Relaxation
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Blockchain is Attracted by South Korea for Tax Relaxation

It seems that South Korea is going to relax its tax rules in order to attract new start-ups related to blockchain technology and other innovative solutions. The main intention is to reduce taxes and improve the technological landscape in the country. The important announcement has been made by the government...
South Korean Legislators to Develop New Rules for Crypto and Blockchain
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South Korean Legislators to Develop New Rules for Crypto and Blockchain

South Korean regulators have unveiled drafts of bills to introduce new rules on blockchain technology, cryptocurrencies, and ICOs (Initial Coin Offerings), The Korea Times reported Wednesday, July 11. According to the Korea Times, the regulators will introduce drafts of the bills at an “extraordinary session” of the National Assembly, set...
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South Korea to Relax Crypto Norms

The South Korean government has reportedly made plans to loosen restrictions on cryptocurrencies based on the G20 meeting. The G20 meeting made efforts to create uniform regulations. The meeting established July as the deadline to take the first step on "unified regulations". The news was also confirmed by an official...
South Korean Crypto Exchange Coinrail Hacked on Sunday
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South Korean Crypto Exchange Coinrail Hacked on Sunday

The South Korean crypto exchange, Coinrail platform was hacked on Sunday and sources revealed a figure of around $40 million valued in cryptocurrencies were lost in the attack. According to the exchange's website, the services by the exchange are temporarily suspended. A range of ERC-20 based tokens was stolen in the attack. Coinrail just...
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