South Korea crypto faces monthly reports, possible education tax
Photo: CoinGeek
By James Field , Author. Senior writer and researcher focusing on legal and regulatory developments in the fintech space. TL;DR: South Korea’s digital asset industry is facing possible pressure on two fronts, as the central bank posits monthly balance reports on more than a million users who have moved crypto overseas, while the government is weighing whether exchanges should pay the “education tax” levied on banks and insurers—a change that hinges on the long-delayed Digital Asset Basic Act.
Source: CoinGeek
