South Korea Tightens Crypto Tax Rules for Overseas Income

South Korea has implemented stricter regulations regarding the taxation of cryptocurrency earnings generated from international sources, aiming to enhance oversight and compliance within the digital currency sector. This decision marks a significant shift in the country's approach to managing cryptocurrency transactions and ensuring that individuals and businesses report their overseas crypto income accurately, while also addressing potential issues related to tax evasion and the lack of transparency in cross-border financial activities associated with cryptocurrencies. source: https://voiceofcrypto.online/ampstories/web-stories/south-korea-tightens-crypto-tax-rules-for-overseas-income