President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.
May 5, 2022Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
April 11, 2022Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.
March 14, 2022The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
October 22, 2021Lawmakers are proposing to delay plans to tax cryptocurrency gains by one year to 2023, and to impose a more generous tax framework.
October 14, 2021Any further delay will lead to "the loss of public trust in government policy and undermine stability in the legal system", said finance minister Hong Nam-ki.
October 11, 2021The FSS will oversee the crypto industry, including in relation to AML rules imposed by the Act on Reporting and Using Specified Financial Transaction Information.
June 3, 2021The subsidiary of UK firm Affirmative Investment Management Partners registered to conduct investment advisory and agency business.
April 20, 2021Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.
May 1, 2020Bill expands crackdown on tax evasion, ends derivatives tax exemptions, disqualifies crypto exchanges as SMEs for tax reductions.
August 6, 2018