Tax Postponed to 2025 Under South Korea’s Crypto-Friendly President
South Korean legislators, led by the recently elected crypto-friendly president Yoon Suk-yeol, delayed taxation on cryptocurrencies by an additional two years to 2025.
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BTC$62,475.00+0.38%
ETH$1,663.26+0.83%
USDT$0.9987-0.02%
USDC$0.9997-0.01%
XRP$1.09-1.41%
SOL$69.08+0.63%
TRX$0.3312+0.66%
FIGR_HELOC$1.03-0.15%
HYPE$62.30+0.01%
DOGE$0.0786-0.38%
USDS$0.9995-0.02%
RAIN$0.0159+0.82%
LEO$9.52-0.54%
ZEC$412.83-1.59%
XLM$0.1907-0.36%
South Korea arrested three people in a probe of $3.4 billion worth of illegal crypto transactions.
South Korean legislators, led by the recently elected crypto-friendly president Yoon Suk-yeol, delayed taxation on cryptocurrencies by an additional two years to 2025.
South Korean prosecutors raided local crypto exchanges on Wednesday as a part of the recently opened investigation into Terraform Labs following LUNA's crash.
Local crypto exchanges may be held liable by South Korean regulators for failing to protect investors from Terra's collapse.
Terra’s demise spurs South Korean financial regulators to launch emergency inspections of domestic cryptocurrency exchanges.
Yoon Suk-yeol's Presidential Transition Committee will likely allow domestic ICOs in South Korea.
South Korea’s "Kimchi Premium" turns negative for the first time in years, as new regulations come into effect.
South Korea begins enforcing travel rule for crypto based on FATF's guidelines.
Terra's TVL has been steadily increasing as its UST stablecoin and Dapps continue to impress.
Yoon Suk-yeol has also promised to ease tax requirements on crypto investment profits and to review a ban on ICOs.
As the new regulation comes into force next week, 40 crypto exchanges in South Korea would suspend all their services.
Kstreetbets is exerting significant influence on South Korea's financial system. Will the U.S. see the same from WSB?
Those who can pour unlimited money into financial assets, while deregulating competing assets, have unlimited power.