Koreans – DIGIT INFO

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

DIGIT — Thu, 22 Jul 2021 16:49:55 +0000

Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. Korean Financial Intelligence Unit Notifies Foreign […]

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Korean Government Confiscates $47 Million in Crypto From Tax Evaders

DIGIT — Thu, 24 Jun 2021 04:30:45 +0000

South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders in Greater Seoul Area More than 53 billion Korean won ($47 million) in crypto […]

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Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

DIGIT — Tue, 04 May 2021 09:45:44 +0000

Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a […]

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Philippines Welcomes Crypto Economic Zone

DIGIT — Thu, 26 Apr 2018 11:45:38 +0000

After hemming and hawing in its strange relationship with cryptocurrencies and the businesses they imply, the Philippine government decided to make room for a set aside economic zone. The scheme is offered in hopes of generating more tax income, employment for its people, and perhaps a dedicated crypto university. Also read: Telegram Urges Paper Airplane […]

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Survey Finds South Korean Youth the Most Active Crypto-Investors

DIGIT — Tue, 13 Mar 2018 16:00:40 +0000

A survey released this week reveals that many South Koreans in their 20s are actively investing in digital assets. The region has become a hotbed for cryptocurrency exchanges as more than 2 million South Korean citizens own one of the top digital assets. Also Read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce South Koreans in […]

The post Survey Finds South Korean Youth the Most Active Crypto-Investors appeared first on Bitcoin News.

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