South Korean Police Investigate Who Leaked the Crypto Tax Bill
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced. Go to Source Powered by WPeMatico
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South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.5 … Read more
Cryptocurrencies Could Undermine Obsolete Laws, Says Cybersecurity Expert
According to Pavol Luptak, “cryptocurrencies or crypto markets may undermine government laws and regulations that are obsolete for the 21st digital century.” Go to Source Powered by WPeMatico
South Korea Finalizes Cryptocurrency Income Tax of 20%
South Korea has finalized a new 20% tax rate for income generated from crypto trading. Go to Source Powered by WPeMatico
South Korea Could Issue a Crypto Capital Gains Tax as High as 20%
Crypto taxation in South Korea could increase to 20% for capital gains. Go to Source Powered by WPeMatico
Legal Implications of Secondary SAFT Sales, Part 2
Part 2 of this series continues to cover the legal implications associated with the sale of SAFTs and focuses on taxes related to tokens. Go to Source Powered by WPeMatico
Coinbase Exec Says Capital Will Flee US Due to Crypto Tax Laws
Coinbase’s chief tax officer Lawrence Zlatkin says global customers are the future as non-U.S. jurisdictions are more open-minded. Go to Source Powered by WPeMatico
Sun Sets on Offshore Banking as Assets Worth $11 Trillion Uncovered
The three-year old Common Reporting Standard is uncovering offshore assets on a massive scale, highlighting cryptocurrencies as a potential alternative. Go to Source Powered by WPeMatico
Switzerland Won’t Amend Tax Law in Regard to Blockchain in Near Future
Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes. Go to Source Powered by WPeMatico
South Korean Economist Warns New Tax Laws May Slow Down Crypto Market Growth
South Korea economist worries that tough regulation would slow down crypto’s growth. Go to Source Powered by WPeMatico