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South Korean Crypto Exchanges May Soon Lose Tax Benefits
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South Korean Crypto Exchanges May Soon Lose Tax Benefits

The South Korean government may soon stop providing significant tax benefits it grants to cryptocurrency exchanges and other small startups. The South Korean government has proposed a revision to the current tax law in the country, according to which, cryptocurrency exchanges would no longer be categorized under the category of...
Blockchain is Attracted by South Korea for Tax Relaxation
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Blockchain is Attracted by South Korea for Tax Relaxation

It seems that South Korea is going to relax its tax rules in order to attract new start-ups related to blockchain technology and other innovative solutions. The main intention is to reduce taxes and improve the technological landscape in the country. The important announcement has been made by the government...
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India Considers GST on Trading of Cryptocurrencies

India considers levying 18 percent GST on trading of digital currencies, at a time when there’s no clarity about the legal status of cryptocurrencies in the country. According to the report published by Bloomberg on May 23, the information was revealed by people directly related to the matter. India’s Central...
Crypto Traders Would Soon Pay Tax in India
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Crypto Traders Would Soon Pay Tax in India

Around 100,000 notices have been sent by the Central Board of Direct Tax (CBDT) for not including their crypto records on their income tax returns. The news has been confirmed by the chairman of CBDT, Sushil Chandra, during an event on Tuesday. The notices have been sent by CBDT's law...
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