Cryptocurrencies like Bitcoin accounted for the largest share of South Korea’s reported overseas assets in the latest report by the National Tax Service.
Cryptocurrencies like Bitcoin accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization.an official announcement on Sept. 20, stating that 1,432 individuals and corporations reported overseas accounts in cryptocurrency this year.
According to the official data, a total of 5,419 entities reported their overseas financial accounts, holding a total of 186.4 trillion KRW in assets like cryptocurrencies, stocks as well as deposits and savings.
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