South Korea Announces 10-50% Gift Tax on Virtual Asset Airdrops
According to the authority, the gift tax rate will depend on the case, and the range is between 10% to 50%.
According to the authority, the gift tax rate will depend on the case, and the range is between 10% to 50%.
The new code will protect investors by systemizing token listings and delisting.
Upbit and other South Korean crypto exchanges are choosing to shed off LTC in hopes of staying compliant and avoiding troubles with the regulatory agencies.
Experts noted that the belief that Russians could use cryptocurrencies to dodge sanctions may be false as the spike in the price of Bitcoin cannot be attributed to Russians buying more cryptos.
All the NFT art creators will be allowed to keep their digital work for auction on the official Korbit website.
Cryptocurrencies, especially Bitcoin, have seen a massive surge over the past year amid its growing adoption among retail and institutional investors.
It is believed that the acquisition of Bithumb by Nexon may greatly contribute to the creation of a positive image around the platform in particular and the industry in general.
South Korea has amended its law to charge a 20% tax on crypto earnings above 2.5 million KRW. The tax amendments should be approved by the parliament.
Global entertainment leader Disney is apparently in talks with NXC, which owns the largest video game publisher in South Korea, as well as two major cryptocurrency exchanges: Bitstamp and Korbit.
South Korea’s lawmakers, high-ranking government officials, and major exchanges meet officially for the first time. The crypto debate is considered a success with several major outcomes.