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Tax Authority Slated to Become Main Crypto Regulator in Russia

Tax Authority Slated to Become Main Crypto Regulator in RussiaRussia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service […]

Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins

South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal

South Korea Seizes 4 Million in Crypto Assets From Alleged Tax Dodgers, Reports RevealThe government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for Tax Evasion in South Korea The amount of […]

Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade LeviesSouth Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets […]

Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins