Korean Politician To Sell Crypto Assets Amid Public Criticism

Kim Nam-kuk, a lawyer and politician from South Korea, will apparently liquidate his bitcoin holdings due to a conflict of interest with his holdings.ย
Kim Nam-kuk, a lawyer and politician from South Korea, will apparently liquidate his bitcoin holdings due to a conflict of interest with his holdings.ย
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BoK has been clashing with Financial Services Commission over crypto jurisdiction in the country
The National Tax Service is looking into potential tax avoidance by Bithumb Korea, Bithumb Holdings, and affiliates in domestic and international operations.
Key Takeaways According to fiscal chief Ko Kwang-Hyo of the Ministry of Economy and Finance, South Korea’s planned tax on digital assets has been postponed for another two years. A 20% tax on cryptocurrency profits was supposed to go intoโฆ