South

South Korea Unveils Guideline for Regulating Cryptocurrencies as Securities

South Korea Unveils Guideline for Regulating Cryptocurrencies as Securities

South Korea Unveils Guideline for Regulating Cryptocurrencies as Securities South Korean authorities plan to define cryptocurrencies within a regulatory framework. Lawmakers announced plans to regulate blockchain-based tokens as securities. Regulations are currently in preparation for digital assets that aren’t securities. The agency will submit a proposal that reflects these developments by the first half of

South Korean Prosecutors Arrest Bithumb Government Over Misappropriation of Funds

South Korean Prosecutors Arrest Bithumb Government Over Misappropriation of Funds

South Korean Prosecutors Arrest Bithumb Executive Over Misappropriation of Funds South Korean prosecutors have arrested Kang Jong-hyun, the alleged owner of Bithumb. Besides Jong-hyun, other executives of Bithumb are under investigation. Jong-hyun and his brother were accused of mismanaging funds and manipulating share prices. The South Korea National Tax Service launched an investigation into Bithumb.

South Africa adds current cryptocurrency standards to promoting code

South Africa provides new cryptocurrency standards to promoting code

South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Companies and individuals in South Africa must abide by certain advertising standards pertaining to the provision of cryptocurrency products and services in a new clause introduced to Section III of the country’s advertising

South Korean regulators target Bithumb in new probe

South Korean regulators aim Bithumb in new probe

The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10, tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation. Authorities are verifying the possibility of tax evasion by examining