South Korea is taking tax evasion to a whole new level by seizing $90,000 worth of digital assets from 17 tax defaulters. Apparently, hiding your crypto under the digital mattress doesn't work anymore! 💸
1️⃣ The authorities mean business, warning that if taxes aren't paid by November's end, those crypto coins might just be sold off faster than you can say "blockchain."
2️⃣ This isn't their first rodeo; similar actions took place in July. Seems like South Korea is on a mission to ensure everyone pays their dues—even in the crypto world!
What do you think? Is this the future of tax collection? Share your thoughts below!
Russia's crypto scene just got a makeover! 🎉 The Russian government has approved a 15% tax on crypto gains, aligning it with income securities. Miners, brace yourselves—your profits are now taxed at market value when they hit your wallet. But hey, crypto's now "property," so no VAT! 🚀
Miners can deduct costs like electricity and hardware depreciation. Miss the deadline to submit data to the FTS? That'll be a $417 oopsie! 😅
Optimism is in the air as Russia aims to boost crypto adoption. What do you think of this new tax law? Share your thoughts below! 👇