๐ฐ๐ท๐ South Korea: The country is blocking 27 crypto exchanges that arenโt locally registered, including KuCoin, MEXC, BingX, and Bitrue.
And starting January 1, 2027, new tax rules will take effect: crypto income will be taxed at 22%, and the tax-free allowance will be just $1,800 a year.
This means Korean retail investors (the biggest altcoin fans) are losing money on stocks at the same timeโthe KOSPI index is down 15% over the past 5 daysโand losing access to exchanges. With less capital and fewer ways to buy, the pressure could intensify.
And starting January 1, 2027, new tax rules will take effect: crypto income will be taxed at 22%, and the tax-free allowance will be just $1,800 a year.
This means Korean retail investors (the biggest altcoin fans) are losing money on stocks at the same timeโthe KOSPI index is down 15% over the past 5 daysโand losing access to exchanges. With less capital and fewer ways to buy, the pressure could intensify.