South Korea Ramps Up 2027 Crypto Tax Prep Amid Abolition Calls
South Korea’s tax authority has begun preparations to implement its 20-22% tax on crypto income starting next year, fast-tracking the development of a tax base and tracking system to end years of delays for the Income Tax Act. Related Reading: Japan Regulators Target Crypto Deals In Real Estate With New Guidance NTS Begins 2027 Crypto […]
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The US, the United Arab Emirates (UAE), and Chinese authorities have cracked down on multiple cryptocurrency pig-butchering scam centers that have taken millions of dollars from American victims. Related Reading: South Korea Ramps Up 2027 Crypto Tax Prep Amid Abolition Calls 276 Arrested, 6 Indicted In Global Crackdown On Wednesday, the US Department of Justice […]
South Korea’s five largest crypto exchanges — Upbit, Bithumb, Coinone, Korbit, and Gopax — are already working with the National Tax Service to build reporting systems ahead of a major policy shift set for January 2027. Related Reading: Crypto Allies Gain Ground In Congress After Indiana Primary Win The coordination signals that the government is […]
Once frozen, a Tether-blacklisted wallet almost never comes back. Only 3.6% of addresses placed on the blocklist in 2025 were later removed, according to BlockSec data. Related Reading: Crypto Traders In South Korea Face 22% Tax Starting January 2027 More than half of the funds tied to those wallets were permanently destroyed using the contracts’ […]
Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea’s Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According to The Korea Herald, from January next year, this tax law amendment would impose a […]
As investigations into Terra’s LUNA and UST death spiral continue, prosecutors in South Korea have imposed travel limits on Terra developers and former devs, according to JTBC News. South Korea Places Travel Ban On Terraform’s Developer The travel ban was announced by the Financial and Securities Crime Joint Investigation Team to keep persons involved in […]