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 […]