Tag: crypto income tax
South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation
Evaders Hid a Total of $32.24 Million in Assets
Per the Korea Herald, the National Tax Service of South Korea (NTS) identified 2,416 individuals who...
South Korea to Impose Heavy Penalty on Cryptocurrency Violations
The Financial Services Commission of Korea (FSC) introduced new penalty standards for cryptocurrency service providers today. The financial regulator is planning to impose heavy...
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Won-Based Stablecoin Ensures Full Collateral and Redemption Rights… Exchanges Expected to...
South Korea’s financial authorities are moving to formalize the framework for won-based stablecoins, introducing key principles focused on full collateralization and guaranteed redemption rights....
