In an ambitious move, South Korea is poised to allow universities to engage in cryptocurrency trading by 2025. This initiative marks a significant step in integrating digital currencies into the mainstream educational framework. As universities prepare for this shift, numerous opportunities and challenges lie ahead. The South Korean government is implementing this change through a […]
South Korea's Upcoming Cryptocurrency Gains Tax: What You Need to Know
In a decisive move, South Korea’s Democratic Party (KDP) is advancing legislation to impose a tax on cryptocurrency gains starting January 1, 2025. This announcement comes amidst a backdrop of ongoing debates within the government, particularly with the ruling People’s Power Party (PPP), which has suggested a postponement to 2028. The KDP, however, is countering […]
South Korea Targets Unpaid Taxes with Crypto Seizures
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 […]
New Rules for South Korea’s Cross-Border Crypto Trades
South Korea is on the verge of a significant shift in its approach to cross-border cryptocurrency transactions, a sector that has been rapidly evolving yet fraught with challenges. Set to be implemented in the latter half of 2025, these new regulations require businesses involved in international cryptocurrency trading to register with the appropriate authorities and […]