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South Korea Proposes New Tax Codes to Target Crypto Tax Evaders

South Korea has proposed to introduce new tax regulations to debunk tax evaders using cryptocurrency. The regulators seek to get permission for tax authorities to impound crypto assets that are stored away by tax evaders in individual wallets. The expanding crackdown on crypto comes as part of financing the rising welfare costs of the nation.

South Korea has proposed to introduce new tax regulations to debunk tax evaders using cryptocurrency. The regulators seek to get permission for tax authorities to impound crypto assets that are stored away by tax evaders in individual wallets. The expanding crackdown on crypto comes as part of financing the rising welfare costs of the nation.

South Korean Cryptocurrency Exchanges To Share Data With Banks
Regulation News
South Korean Cryptocurrency Exchanges To Share Data With Banks
Regulation News

South Korean Cryptocurrency Exchanges To Share Data With Banks

In an attempt to impose taxes on the transactions regarding virtual currency, the South Korean government has announced that from this month, six major banks will provide services to cryptocurrency exchanges. This new system requires the exchanges to share user data with banks. Cryptocurrency exchanges have to share the data with banks On Sunday, the

In an attempt to impose taxes on the transactions regarding virtual currency, the South Korean government has announced that from this month, six major banks will provide services to cryptocurrency exchanges. This new system requires the exchanges to share user data with banks. Cryptocurrency exchanges have to share the data with banks On Sunday, the