A display at the cryptocurrency exchange Coinone's customer center in Yongsan District, central Seoul, shows the price of bitcoin rising on Tuesday. Bitcoin traded above 57 million won ($48,300) while Ethereum traded at 3.88 million won.
As crypto exchanges give altcoins the old heave-ho, there’s a method to their madness, literally.
Cryptocurrencies are finding their way into people’s daily lives. At least in theory, they can be used to pay for coffee, movie tickets — or make donations to charities.
Korea plans to impose tax on cryptocurrency, the country's finance minister said Wednesday, adding that his ministry will announce the details next month.