South Korean Crypto Holdings in Overseas Accounts Soar to Record Levels, Tax Authorities Report  

Noam Sham

Regulations 2 months ago
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In a financial landscape marked by rapid digital transformation, South Korea is witnessing a significant surge in cryptocurrency holdings held in overseas accounts. The country's tax agency recently announced that taxpayers have reported an astounding 131 trillion won, equivalent to more than $98 billion, in cryptocurrency assets stashed away in foreign accounts this year.
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