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South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions. Remittances to Exploit Kimchi Premium Could Be Flagged as Money Laundering According […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

South Korean City Threatens to Seize Cryptos From Tax Evaders

South Korean City Threatens to Seize Cryptos From Tax EvadersCrypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. 511 Individuals in the Authorities’ Eyes According to Gugkje News, the authorities of Gyeongju, […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn

South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities WarnSouth Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details on How the Agency Will Supervise […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum