In a strategic move highlighting the increasing seriousness of tax collection efforts, the city of Paju in South Korea’s Gyeonggi Province has announced an initiative to seize and liquidate cryptocurrency holdings from residents who have failed to pay their taxes. This decision comes after notices were issued to 17 individuals who collectively owe around 124 […]
Turkey Postpones Taxation of Crypto and Stock Profits
In a significant move reflecting its adaptive economic strategy, Turkey has decided not to impose taxes on profits derived from cryptocurrency and stock trading for the current year. Vice President Cevdet Yilmaz confirmed that the government had previously contemplated introducing such a tax. However, it has now opted to refine existing tax regulations instead, focusing […]