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South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets […]Powered by WPeMatico
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs A report […]Powered by WPeMatico
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. Also read: Regulatory Roundup: EU-Wide Crypto […]
The post Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax appeared first on Bitcoin News.
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The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to […]
The post South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb appeared first on Bitcoin News.
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• Nauticus to give away as much as 41 percent of the team’s coins to charity
• Additional referral bonuses can either be kept by users or donated
• Nauticus will match the amount of user coins donated
It’s been a wild two weeks for Melbourne fintech company Nauticus, which is launching a new crypto and fiat exchange mid-year. After months of hard work, Nauticus finally launched its website in mid-February – and within 48 hours had signed up more than 10,000 registered users for its Initial Coin Offering.
The post PR: It’s Time to Give Back! New Nauticus ICO Program to Help Protect Children and the Oceans appeared first on Bitcoin News.
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