All by tag: Korea

The levy on incomes over 2,5 million Korean won was 20%

According to local media, cryptocurrencies have become a popular means of tax evasion

The exchange allegedly allowed users who provided inappropriate-quality ID pictures to trade

The initiative would introduce a definition of virtual assets into the Foreign Exchange Transactions Act

Officials allowed the project to continue operating in the country provided the violations were corrected

The US authorities also sought the extradition of the businessman for trial in their jurisdiction

It tightens requirements for exchanges and introduces penalties for fraud and market manipulation

It will be launched on the same day the crypto investor protection act comes into effect

The platform is among the top five largest in the world in terms of the trading volume

The initiative proposed by the Pohang city government to recover $4,87 million

The system was used to detect the crypto accounts of 5910 citizens, each of whom owed more than 3 million Korean won (~$2200) in taxes

Last year, there were 16 076 crypto transactions suspected of being involved in illegal activities