Seoul, South Korea – April 2025: In a decisive move that clarifies the regulatory future for digital assets, the South Korean government is advancing plans to formally tax income from cryptocurrency activities like airdrops and staking rewards. This pivotal South Korea crypto tax initiative, based on an exclusive report from the Korea Economic Daily, signals […]
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 […]
In a significant development for global crypto regulation, a leading Hong Kong finance association has formally called for modifications to the OECD’s new international reporting standard, highlighting a growing tension between regulatory oversight and practical implementation for financial institutions. The Hong Kong Securities and Futures Professionals Association (HKSFPA) issued its statement on March 21, 2025, […]
SEOUL, South Korea – January 16, 2025 – The South Korean government has delivered crucial clarity for cryptocurrency holders by specifying definitive valuation standards for virtual assets subject to inheritance and gift taxes. This long-awaited move, announced by the Ministry of Economy and Finance, establishes a transparent, market-based framework that directly impacts financial planning for […]
LAGOS, NIGERIA – February 2025 – The Nigerian government is implementing a groundbreaking initiative to bring cryptocurrency transactions into its formal economic framework, marking a significant shift in digital asset regulation across Africa. According to a recent TechCabal report, authorities plan to require comprehensive monthly reporting from Virtual Asset Service Providers (VASPs), fundamentally transforming how […]
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