Friday, February 3, 2023

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South Korea

Capital Flow Control Helps Cryptocurrencies Carry Hefty Premium In South Korea

The Bank of America published a report on May 18, notifying that in South Korea the cryptocurrencies get a tremendous premium on international prices...

South Korean Government Allow Crypto Miners To Deduct Operating Cost From Tax Filings

South Korean cryptocurrency miners might enjoy a tax break after the imposition of the digital tax regime in the year 2022.  On May 05, a...

Survey Shows South Koreans Are Ready To Pay Crypto Gain Tax

A survey by Realmeter,  a local survey firm, showed that more than half the citizens of Korea are supporting the taxation on crypto gains.   On...

China, South Korea & Japan: The Crypto Influencers

The three most influential countries that drive the global cryptocurrency market are China, South Korea and Japan. A few years ago, when China banned...

Coinone To Re-Instate Its Offline Customer Center

One of the leading crypto exchanges in South Korea, Coinone, has resumed its customer center in Seoul.A report published by The Korea Herald, Coinone...

Youth Of South Korea Turning Towards Crypto Trading As An Alternative For Creating Wealth

Many of the young working South Koreans have started quitting their jobs, as they generated their interest in cryptos. The youth of Korea are...

South Korea To Tax Crypto Capital Gains From Next Year

South Korea has announced to impose capital gains tax on those traders who have earned profit from cryptocurrencies. From the year 2022, the government...

Some Former Employees Of Known Korean Companies Quit Their Job After Becoming Millionaire

The crypto industry in South Korea has been experiencing a volatile environment in terms of regulation, but such a situation does not restrict the...

South Korea Proposes To Impose Tax On Cryptocurrency

The South Korean financial authorities have recently, proposed to introduce income tax on crypto trading next year. But the crypto investors do not support...

South Korea’s Seoul Take Over Tax Delinquents’ Cryptocurrencies

Hundreds of top tax delinquents have recently lost their cryptocurrencies to the Seoul metropolitan government.On April 23, the city government announced, around hundreds of...

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