Bitcoin

The National Tax Service announced that 1,432 individuals and companies have reported their overseas crypto asset accounts.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f90bc66efd33455d98ee11116723b096.gif" />Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. <a href="https://twitter.com/CryptosHeadline/status/1702044419799793845" rel="noopener noreferrer nofollow">Visit Official Tweet</a>South Korea’s tax agency revealed that this year, taxpayers declared overseas cryptocurrency assets worth a total of 130.8 trillion won ($98.5 billion).This <a href="https://cryptosheadlines.com/fca-requires-data-reporting-on-crypto-transfers/" rel="noopener noreferrer nofollow">reporting requirement</a> was initiated by the country in 2023. A total of 1,432 individuals and companies complied with the <a href="https://cryptosheadlines.com/proposed-crypto-tax-reporting-rules-by-treasury-and-irs/" rel="noopener noreferrer nofollow">reporting rule</a>.Korean nationals with assets exceeding 500 million won, <a href="https://cryptosheadlines.com/indonesia-btc-eth-ada-xrp-and-more-as-cryptocurrencies/" rel="noopener noreferrer nofollow">including cryptocurrencies</a>, in foreign accounts are obligated to declare their holdings. The declared overseas crypto assets accounted for 70.2% of the total reported foreign assets. <a href="https://cryptosheadlines.com/south-korean-taxpayers-report-98-5-billion-in-overseas-crypto-holdings/" rel="noopener noreferrer nofollow">Read More...</a>

South Korean Taxpayers Report $98.5 Billion in Overseas Crypto Holdings

CryptosHeadlines.com

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