Tag: south korea
South Korea is looking at taxing non-fungible tokens (NFTs) in the wake of the recent controversy over the country's cryptocurrency rules. NFTs are virtual collectibles that are linked to real-world items such as games, artwork, and music, among others, and whose ownership is secured and transferred via blockchain technology.
(Reuters) - ULSAN, South Korea - You...
The crypto sector in South Korea is witnessing one of the most significant transformations in its history. Between crypto exchanges and regulatory bodies, the last four years have been a turbulent tempest. Finally, in 2021, the government has laid down its foot. What happens next will determine whether South Korea's crypto legacy is made or broken.