Today news
About the same in other media
18.11 - 08:19
How pop icons BTS made their way into the crypto tax debate in South Korea
Reading now: 550
South Korea has been amidst a regulatory shake-up in the crypto sector. Meanwhile, the 1 January 2022 deadline for tax filings to include crypto earnings is soon approaching. It is a heated topic of debate considering the majority Democratic party wanted to push the legislation for 2023.
As per recent reports, K-pop band BTS has become a political “dynamite” in the tax debate.
Recently, lawmaker Noh Woong-rae has questioned if the tax law can incorporate upcoming NFTs by BTS, reflecting on the existing loopholes in the structure. He said,
“When no one can tax a single penny [on BTS NFTs], who will follow the government’s policy if it wants to tax only other virtual assets?”
So, like any other day on the internet, BTS is making headlines. And,
Read more on ambcrypto.comAbout this in other media
Coinbase Users Sharing Crypto Portfolios, ETFs in US & India + More News cryptonews.com /3 years ago
HK-based Animoca Brands Partners with S. Korea's Cube Entertainment for K-pop Metaverse & NFTs blockchain.news /3 years ago
Animoca Brands unveils plans for K-pop NFT metaverse cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
