A recent tax report from South Korea has revealed that there are hundreds of cryptocurrency "whales" in the country who hold millions of dollars worth of coins on foreign exchanges. New tax regulations implemented this year require crypto holders to declare their holdings on overseas platforms. The data, which was requested by MP Yang Kyung-sook and submitted by the National Tax Service, remains anonymous but indicates that the NTS now has the identities of these high-value holders. Some highlights from the report include 619 Seoul residents declaring a total of $6 billion worth of crypto holdings held overseas, and people in their 30s reporting the highest amount of crypto holdings, with an average of over $15.7 million on overseas exchanges and wallets. The new tax reporting system now includes crypto, and the NTS did not disclose the specific coins or platforms held by South Koreans. MP Yang emphasized the need for individuals and companies to faithfully report their virtual currency holdings to prevent tax evasion. Earlier this month, South Korea's crypto market reached a total market cap of $21.1 billion in the first half of the year.
Подпишитесь на нашу рассылку и получайте информацию о выходе новых статей, информацию об эксклюзивных скидках и другое
Или же подпишитесь на наш Telegram, чтоб всегда быть в курсе наших новостей.