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South Korea confirms 22% crypto tax will cover private wallets, foreign exchanges South Korea has confirmed that taxable crypto income earned through overseas exchanges and private wallets will fall under its planned 22% digital asset tax when the regime takes effect on Jan. 1, 2027. South Korea will tax crypto income from private wallets and overseas exchanges from 2027.
Digital asset income above the 2.5 million won deduction will face up to 22% tax.
Authorities acknowledged that tracking unreported private wallet transactions remains difficult.
Tax rules for staking, lending, airdrops and hard forks are still under review.#BTCBreaks71000Up10.5% #ETHSurges20%BreaksThrough2300 #BTCETHReboundTradeIdeas #USTreasuryBuybacksAndRegulatorySignalsDriveCryptoSurge #StrategySurgesNearly12% $BTC