📢 Important news from the world of cryptocurrency and blockchain! 📢
- PayProtocol AG, the issuer of Paycoin, announced the termination of virtual asset custody services for the Paycoin app in South Korea. This is due to regulatory difficulties that prevent the resumption of payment services from February 2023.
- The company has decided not to renew its virtual asset service provider (VASP) registration in April 2025 and focus on the international payment ecosystem.
- In July, South Korean authorities considered postponing the crypto gains tax until 2028 due to concerns from the local crypto community.
- Paycoin has been actively expanding overseas, having launched a global PCI payment app at international retailers such as Apple, Shake Shack, and Swarovski. The company has also received VASP status in Lithuania.
- Withdrawals for PCI and other assets will be supported until April 21, 2025, and new wallet creations and deposits will cease on September 27, 2024.
💬 Share your opinion in the comments! Do you think this will affect the future of Paycoin and the crypto market in general? 💬