Did you know South Korea is tightening its grip on crypto earnings from abroad? The National Tax Service (NTS) has ruled that virtual assets received as wages from overseas employers must be reported for income tax. Here’s what you need to know to stay compliant. What Does South Korea’s NTS Say About Crypto Wages? South […]
Are you earning cryptocurrency as wages from a foreign employer? South Korea’s National Tax Service (NTS) has issued a crucial update that could impact your tax obligations. The agency has clarified that virtual assets received as employment income from overseas companies must be reported in a comprehensive income tax return. What Does South Korea’s NTS […]
The digital asset landscape is constantly evolving, with new collaborations and innovations shaping its future. A significant development is unfolding in Asia, as South Korea and Hong Kong, two major players in the global financial and tech arenas, are joining forces to establish a groundbreaking Asia crypto consortium. This initiative marks a pivotal moment for […]
In the dynamic world of finance, every ripple in a major economy can send waves across global markets, even reaching the shores of cryptocurrency investments. So, when the Bank of Korea (BoK) announced on July 10 that the South Korea interest rate would remain unchanged at 2.50%, it wasn’t just a local headline; it was […]
The world of digital finance is constantly evolving, bringing with it both incredible opportunities and complex challenges. In South Korea, a nation at the forefront of technological adoption, the discussion around digital currencies is intensifying. Recently, a significant statement from the very top of the country’s financial system has sent ripples through the crypto community: […]
Exciting news is rippling through the cryptocurrency community, especially for those actively trading on one of Asia’s largest platforms. South Korean crypto exchange, Upbit, has just announced a game-changing reduction in its Bitcoin withdrawal fees. This move is set to make BTC transactions significantly more affordable for its vast user base, effective from 12:00 UTC […]
Get ready, crypto enthusiasts! A significant development is on the horizon that could reshape your trading strategies. South Korean powerhouse crypto exchange Upbit has just dropped a major announcement, confirming the highly anticipated Upbit ENA Listing. Mark your calendars for July 11, because Ethena (ENA) is about to make its grand debut on one of […]
The cryptocurrency world often presents intriguing market anomalies, and none has captured attention quite like the ‘Kimchi Premium’ – a historical phenomenon where Bitcoin and other digital assets traded at a higher price in South Korea compared to global markets. However, a significant reversal occurred on July 28, as Bitcoin recorded a shocking negative Bitcoin […]
In the dynamic world of global finance and technology, a significant development has caught the eye of investors and crypto enthusiasts alike. Simon Gerovich, the visionary Metaplanet CEO, a publicly traded Japanese company known for its bold Bitcoin treasury strategy, has just made a compelling move. His personal investment in South Korean system software developer […]
In the fast-paced world of cryptocurrency, regulatory clarity is a beacon for innovation and growth. However, for South Korea, that clarity seems to be momentarily obscured. The highly anticipated Korea Digital Asset Act, a pivotal piece of legislation poised to shape the nation’s crypto landscape, has hit a significant roadblock. This delay, extending for 1-2 […]
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