70% of South Korean Reported Foreign Assets Are Crypto- Here’s More
South Korea’s crypto adoption grows as authorities disclosed that 70% of the nation’s reported overseas assets are cryptocurrencies. On Sept 20, The country’s National Tax Service (NTS) in an official release stated that...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
On Sept 20, The country’s National Tax Service (NTS) in an official release stated that 5,419 business and individuals reported their financial accounts with the largest chunk held in digital assets. ...
Read More: 70% of South Korean Reported Foreign Assets Are Crypto- Here’s More
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
South Korean Lender Jeonbuk Bank to Offer Bitcoin-Backed Loans
Bitcoin Magazine South Korean Lender Jeonbuk Bank to Offer Bitcoin-Backed Loans Jeonbuk Bank has become the first bank in South Ko...
South Korea’s Jeonbuk Bank Lends Won Against Bitcoin, Using Court Sales for Defaults
Jeonbuk Bank, a regional South Korean lender, has extended a corporate loan in won secured by Bitcoin, under a setup in which the...
South Korean bank launches Bitcoin-backed business loans: Report
Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the crypt...
Jeonbuk Bank launches South Korea’s first Bitcoin-backed loans for corporate clients
Jeonbuk Bank's Bitcoin-backed loans could catalyze broader crypto adoption in South Korea, influencing regulatory and financial la...
South Korea blocks access to 27 unregistered overseas crypto exchanges
South Korea's crackdown on unregistered crypto exchanges highlights the growing global trend towards stricter regulatory oversight...
China Crypto Strategy Expands as Beijing Backs National Blockchain Network
China announced crypto plans for a national blockchain network. The proposal appeared in a policy document from the Communist Part...