South Korean court rules cryptocurrency from exchange events is fully taxable under income tax law.
Blockchain News

Cryptocurrency Taxable: South Korean Court Delivers Landmark Ruling on Exchange Event Prizes

Seoul, South Korea: In a definitive ruling that clarifies a significant gray area in digital asset regulation, a South Korean court has determined that cryptocurrency received as a prize from a trading event hosted by an exchange is fully taxable income. This landmark decision, reported by Digital Asset, rejects a taxpayer’s appeal for a substantial […]