Payment system news

South Koreans Pay Tax on Income from Crypto Operations

Cryptocurrency transactions conducted in South Korea and generating income will be subject to tax duties of 20%. The new rules were published by the national ministry of economy and finance.

Therefore, the amendments will only apply to transactions. The tax authorities began to apply the relevant regulation from October 1 of the following year.

“The authorities are committed to modernizing the national tax system to meet changing market conditions.” The priority direction is to update the list of subjects of taxation and types of taxes this year ”, – noted earlier the Minister of Finance Hong Nem-ki.

Рустам Алиев

Recent Posts

Zcash (ZEC) To Hit $5,000 By The End Of 2026: Co-founder

Zcash co-founder has unveiled an ambitious price target for the private cryptocurrency by the end…

9 hours ago

Bitcoin To Hit $300,000 By 2029, Says Fidelity Global Macro‬

Bitcoin price predictions are rolling in as the market prepares to enter the 4th quarter.…

10 hours ago

Jumper to Launch JUMP Token Sale on Legion as it Spins Out to Build the Super-App for Onchain Finance

With more than $40 billion in lifetime volume and over 100,000 monthly active users, Jumper…

2 days ago

Renewed Whale Activity Puts PEPE Bulls Back in Focus at $0.0000044 — Here’s What’s Driving It

Pepe is drawing significant interest from traders entering the meme coin market, attracted by renewed…

2 days ago

Stellar Gets A Place on CME’s Crypto Futures; What Does This Mean For XLM?

Stellar network continues to garner greater investor trust in public-chain performance. This comes as CME Group today…

2 days ago

TokenInsight September Report: MEXC Posts Deepest BTC and ETH Futures Depth at $21.03M, Lowest Silver Slippage at 0.002%

Mutsamudu, Comoros, September 25, 2026 – MEXC, a pioneer in 0-fee digital asset trading, recorded…

3 days ago