South Korea defers 20% crypto tax implementation to 2025
Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.
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Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.
Oluwapelumi Adejumo 2 min read
The investigation team also raided eight other locations and seized transaction records and other materials.
South Korea and the United States have agreed to share investigation data about the Terra network crash.
Terraform Labs employees are banned from leaving South Korea as the prosecutors office explores charging Do Kwon with fraud and other crimes.
The exchanges are proposing to create three different committees that will be saddled with compliance monitoring, market monitoring, and transaction support.
The top five Korean exchange err on the side of caution and delist Litecoin for compliance reasons.
South Korean developers might be unwilling to take the new Solana's fund bait considering the network has suffered seven outages in the last 12 months.
South Korea is looking to introduce a "self regulatory" system and has engaged local crypto exchanges on the matter.
Do Kwon may have just been caught laundering money through Terraform Labs into a Korean shell company called Kernel Labs