The best crypto writing from the last 24 hours.
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- 1
South Korea urges exchanges to boost cold storage after Binance hack
South Korea's regulator is pressing exchanges to raise cold-storage holdings after the Binance hack, on top of the existing 80% cold-wallet requirement.
- 2
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Gopax halted withdrawals and trading after a hacking-threat email and is moving assets to cold wallets; no loss reported so far.
- 3
South Korea weighs fourth delay of crypto gains tax, eyes 2029 start: report
South Korea reportedly weighs a fourth delay of its crypto gains tax to 2029 to align with the US CARF schedule.
- 4
South Korea’s ruling party formally proposes deferral of crypto income tax
South Korea's ruling party formally proposed deferring crypto income tax until a comprehensive digital asset law is enacted.
- 5
Tampered Ledger reported in Singapore a month before news broke: Asia Express
Singapore police say tampered Ledger devices began appearing there on September 10, a month before the story broke; South Korea may delay its crypto tax law again.
- 6
Bithumb hacked through employee system as South Korean financial firms face cyberattacks
Bithumb suffered a hack through an internal employee system; it is still determining whether customer data was exposed.
- 7
South Korean Officials Lean Toward Delaying Crypto Tax Until 2029: Report
South Korean officials are reportedly leaning toward delaying the crypto tax to 2029, with a final decision expected in late November or early December.
- 8
South Korea’s Digital Asset Basic Act is close to completion, according to Lee Eog-weon, chairman of the Financial Services Commission. However, a debate over the country’s crypto tax is intensifying.
South Korea's Digital Asset Basic Act is nearing completion per the FSC chair, while a crypto tax debate intensifies.
- 9
Japanese visitors may be able to pay with yen stablecoins in South Korea under Shinhan-SBI pact
Shinhan and SBI plan to explore yen stablecoin payments for Japanese visitors in South Korea, still at exploration stage.
Also covered by The Block - 10
South Korean IPO slump adds to AI market jitters as Brent crude tops $111
A weak South Korean IPO and AI valuation worries, alongside Brent crude above $111, weighed on markets.
- 11
Bitcoin Sinks to $80,500 After a Rising U.S. Inflation Print and a Kospi Circuit Breaker
Bitcoin dropped to about $80,500 after 3.7% September CPI and South Korea's Kospi fell 7.6% after a circuit breaker.
- 12
South Korea plans cybersecurity overhaul after attacks hit banks, crypto firms
South Korea proposes tougher cybersecurity assessments after a review found deficiencies at 130 financial firms.
- 13
South Korea moves to block 27 crypto websites, including KuCoin, MEXC
South Korea is moving to block 27 crypto sites including KuCoin and MEXC over unregistered exchanges, with users warned of possible withdrawal difficulties.
Also covered by CoinDesk - 14
South Korean bank launches Bitcoin-backed business loans: Report
Jeonbuk Bank in South Korea reportedly offers Bitcoin-backed business loans with a third-party custodian holding collateral.
Also covered by CoinDesk