South Korea's ruling People Power Party met with CEOs of five major crypto exchanges on March 25, 2024, to discuss the potential abolition or modification of the virtual asset tax due in January 2025. The outcome could reshape market sentiment and regulatory direction.
South Korea's NTS recovers $23M in overseas tax evasion via international cooperation, plans AI-based crypto tracking system by November 2026, and automatic data sharing with 56 countries by 2027. Opposition party calls for tax cancellation.
South Korea's NTS recovered $23 million in overseas tax evasion and plans an AI system to track crypto transactions by 2026. The opposition party pushes to cancel crypto tax, introducing uncertainty into the market.
South Korea's National Tax Service recovered $23 million in overseas tax evasion and plans an AI-based crypto tracking system by 2026, with automatic data exchange from 56 countries by 2027, sparking privacy and fairness debates.
