Crypto Exchanges are full of scam

A, a representative of the domestic block chain company, recently gave up on the listing of a large Chinese currency exchange. This is because the interim broker required about W2bn for listing. Mr. B, a start-up representative who is preparing for the listing of the Codex Exchange, received a ridiculous proposal. If it costs only …

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Taxation of crypto in different countries

For the past year, the standard question about how to tax cryptocurrencies has been a precarious one due the frequent appreciation and depreciation of the virtual digital currency. However, under the taxation rules recently set by different jurisdiction, it is now possible to set tax using the basis (the price the taxpayer spent to acquire …

Criminal Liability of Crypto Scams under Korean Law

In this article I will discuss some possible crimes that can be committed through cryptocurrency. For ICOs overseas, it would be rather difficult for Korean governments to directly regulate ICOs if foreign corporations make white papers and websites in foreign languages ​​and restrict the participation of Korean investors. However, he added, "Even if the ICO is …

ICO in Hong Kong

Hong Kong, along with Singapore, is a hub of Asian finance and one of the most popular destinations for ICO. In this blog, we will look at the position of ICO announced by the Hong Kong's regulators- Securities & Futures Commission of Hong Kong(SFC). 1. Hong Kong securities laws apply to digital tokens The digital …

Amendments to the Guideline on Anti-money Laundering related to Virtual Currency

Original Korean Text   Section 1 General Rules (Purpose) This guideline is (1) to clarify matters necessary for the enforcement of the Act on the Reporting and Utilization of Specified Financial Transactions (hereinafter referred to as the "Special Act") and its subordinate statutes concerning financial transactions related to virtual currency, and (2) to specify matters …