Crypto Tax Evaders Face Crackdown in South Korea

Quick Summary:

South Korea is cracking down on those using cryptocurrencies to evade taxes as the country prepares to implement a new 20% tax on crypto gains.

This move by the National Tax Service (NTS) underscores the government’s commitment to regulating the digital asset space while ensuring tax compliance.

The NTS has been monitoring the crypto holdings […]

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: IndiaSouth Korea

Topics: Crypto Tax Market News Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 11:50:28 (2 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 135 words

Reading Time: 1 minutes read

Sentences: 43 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23736664

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 10 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 17 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

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