South Koreans Proclaim $98.5bn in Overseas Crypto Assets!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 20, 2023 15:21

South Korean taxpayers have declared abroad cryptocurrency belongings value $98.5 billion after the nation launched reporting necessities for such belongings earlier this 12 months. A complete of 1,432 people and firms reported proudly owning the belongings, which represented 70.2% of the entire worth of reported overseas holdings. The nation requires nationals who possess belongings value over $448,300, together with crypto, in overseas accounts to reveal their holdings.