News & Reviews on Payments Technology, Crypto & More
Crypto taxation in South Korea could increase to 20% for capital gains. South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains taxes could rise as high as 20%. Cryptocurrencies could be considered as “goods” Proposed […]
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Spain’s Telefónica, Deutsche Telekom and U.K. provider Vodafone have finalized a trial blockchain solution for the settlement of roaming discount agreements. Three global industry leaders in telecommunications — Spain’s Telefónica, Deutsche Telekom, and British provider Vodafone — have jointly finalized a trial blockchain solution for the settlement of roaming discount agreements. Developed by blockchain startup […]
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The close interaction between traditional finance and regulators is the key element in the development of the cryptocurrency industry. The COVID-19 crisis has brought many new users to the world of cryptocurrencies. One of the main concerns for users, however, is whether their bank cards may be blocked due to the purchase of a cryptocurrency, […]
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Healthcare is among the first industries in South Korea to receive the benefits of data management and storage on blockchains. The government of South Korea is trying its best to adopt blockchain technology in various industries. The country’s central bank is reviewing the use of a central bank digital currency, and various government ministries want […]
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South Korean legislature will host a seminar to address crypto laundering and other related topics. The South Korean National Assembly will host a talk titled “How to boost transparency in cryptocurrency transactions” on July 10. This news comes amid a recent child porn scandal that involved crypto transactions. According to the Kukto Ilbo, the seminar […]
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Blockchain experts discuss how institutions will play a major role in the mass adoption of blockchain-based financial infrastructure. Benjamin Soh, founder of blockchain development firm STACS, said that institutional players, not business-to-consumer companies, will drive the mass adoption of financial infrastructure built on blockchain technology. During the Unitize virtual conference, Soh said that if they […]
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The South Korean government considers a free trade zone for industrial hemp run on a blockchain-based platform. Andong, a city in the Gyeongbuk province of South Korea, announced on July 7 that they’ve been granted a permit to operate a free trade zone for industrial hemp. They additionally announced that they will manage their operations […]
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This South Korean company joined forces with Samsung to forward requests to insurance companies using Blockchain technology. South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will do away with the company’s current antiquated paper processing methods. Before now, users had to visit a technical […]
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Virtual hackathons may allow developers to solve technical problems and create new solutions, yet it’s not all easy going for these online events. Online events are becoming more common as coronavirus cases continue to surge. So it shouldn’t come as a surprise that the blockchain community has seen an uptake in virtual hackathons this year, […]
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As Russia draws up new strict cryptocurrency legislation, P2P Bitcoin exchanges and crypto trades in the country rise significantly. A branch of the Russian federal government has recently published a draft of new litigation called “On Digital Financial Assets,” which is focused on enforcing strict cryptocurrency laws in the country. The legislation has not been […]
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