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3232South Korean Ministries ‘Do Not Want’ to Take Charge of Crypto-Related Regulation, Claims Official
https://www.digit.info/south-korean-ministries-do-not-want-to-take-charge-of-crypto-related-regulation-claims-official/
Tue, 18 May 2021 19:30:32 +0000https://www.digit.info/2021/05/18/south-korean-ministries-do-not-want-to-take-charge-of-crypto-related-regulation-claims-official/Read more]]>The crypto regulation crisis is on fire in South Korea, as politicians have struggled to reach agreements with top government officials to ease rulings. A local media outlet reveals that South Korean ministries “do not want” to take charge of the country’s digital assets’ regulation, after several meetings held in the last few days. Prime […]
]]>South Korea to Impose a 20% Tax on Crypto Mining Activities
https://www.digit.info/south-korea-to-impose-a-20-tax-on-crypto-mining-activities/
Sat, 08 May 2021 05:15:39 +0000https://www.digit.info/2021/05/08/south-korea-to-impose-a-20-tax-on-crypto-mining-activities/Read more]]>The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published by Donga, miners should be accountable for paying […]
]]>South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes
https://www.digit.info/south-korean-ruling-party-contemplates-postponing-crypto-tax-in-a-bid-to-regain-younger-votes/
Tue, 04 May 2021 06:31:04 +0000https://www.digit.info/2021/05/04/south-korean-ruling-party-contemplates-postponing-crypto-tax-in-a-bid-to-regain-younger-votes/Read more]]>South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax. The Democratic Party’s Expectations on Cryptocurrencies According […]
]]>Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea
https://www.digit.info/tax-authority-seizes-cryptocurrencies-worth-25-million-from-hundreds-of-crypto-investors-in-south-korea/
Sat, 24 Apr 2021 11:48:24 +0000https://www.digit.info/2021/04/24/tax-authority-seizes-cryptocurrencies-worth-25-million-from-hundreds-of-crypto-investors-in-south-korea/Read more]]>The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going after hundreds more taxpayers who are delinquent on paying their taxes. Crypto Seizure […]
The crypto regulation crisis is on fire in South Korea, as politicians have struggled to reach agreements with top government officials to ease rulings. A local media outlet reveals that South Korean ministries “do not want” to take charge of the country’s digital assets’ regulation, after several meetings held in the last few days. Prime […]
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published by Donga, miners should be accountable for paying […]
South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax. The Democratic Party’s Expectations on Cryptocurrencies According […]
The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going after hundreds more taxpayers who are delinquent on paying their taxes. Crypto Seizure […]