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The Nexus
BUSINESSMay 8 · 09:02 UTCTHE BLOCKDanny Park

South Korea tightens oversight of firms moving crypto overseas: report

South Korea is tightening oversight of firms moving cryptocurrency overseas and planning to impose a 22% capital gains tax on crypto from January 2027. This move aims to regulate cryptocurrency transactions. The new tax rule will take effect in 2027.

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