Tag: Yonhap News Agency

South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off

In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges. According to a by local media Yonhap News Agency, the G Yeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders. The new …

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