South Korea weighs education tax on crypto exchanges, potentially costing Upbit ~10.2B won and Bithumb ~3.2B won annually if reclassified as financial businesses.
The Digital Asset Basic Act could bring exchanges under the same 0.5–1% revenue-based tax as banks, regardless of profitability.
Will this accelerate exchange consolidation or push trading offshore?
#SouthKorea #CryptoRegulation $BTC
The Digital Asset Basic Act could bring exchanges under the same 0.5–1% revenue-based tax as banks, regardless of profitability.
Will this accelerate exchange consolidation or push trading offshore?
#SouthKorea #CryptoRegulation $BTC
