Korea

South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off

South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off

In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges. According to a report by local media Yonhap News Agency, the Gyeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders by using […]

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South Korea Reportedly Pushes for 2-Year Postponement on Crypto Taxation

South Korea Reportedly Pushes for 2-Year Postponement on Crypto Taxation

South Korea’s ruling People Power Party is reportedly advocating for a further two-year taxation postponement on cryptocurrency investment gains, which appears to be part of the party’s campaign for the general election coming in April. Notably, the program was scheduled earlier for 2023 and rescheduled to January 2025, and the current People Power Party request

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Korea Blockchain Week 2024: A Gateway to Blockchain’s Future

Korea Blockchain Week 2024: A Gateway to Blockchain’s Future

[PRESS RELEASE – Seoul, Korea, February 8th, 2024] For the 7th year, Korea Blockchain Week 2024 (KBW2024), founded and hosted by FACTBLOCK and co-hosted by HASHED, is set to take place in Seoul, Korea from September 1-7, 2024. The flagship two-day conference, ‘KBW2024: IMPACT’, will be held at the Seoul Grand Walkerhill Hotel on September

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South Korea to Launch Digital Currency Pilot Program in 2024

South Korea to Launch Digital Currency Pilot Program in 2024

In a move to modernize its financial infrastructure, South Korea is set to embark on a pioneering project involving digital currency. Commencing in the fourth quarter of 2024, the nation will start a pilot program involving the participation of 100,000 citizens, signifying a significant stride towards the nationwide implementation of digital currencies. South Korea to

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