The cryptocurrency market will eventually welcome regulation!
South Korea plans to implement a 20% crypto tax starting in early 2025 and raise the tax-exempt amount to nearly $36,000.
Against the backdrop of tight finances, those trading U.S. stocks have received messages from the tax bureau requiring them to declare foreign income; how far behind can cryptocurrency traders be?
Some industry friends have reported that the taxation on cryptocurrency trading is also being studied. However, to be honest, paying back taxes is better than having your card frozen.
