Bitcoin
Bitcoin (BTC)
$66,805.00 2.31211
Bitcoin price
Ethereum
Ethereum (ETH)
$3,506.52 1.88889
Ethereum price
BNB
BNB (BNB)
$594.11 2.62539
BNB price
Solana
Solana (SOL)
$169.51 1.27971
Solana price
XRP
XRP (XRP)
$0.5932780 5.866
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 4.17503
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 3.15942
Pepe price
Bonk
Bonk (BONK)
$0.0000305 3.10807
Bonk price
Bitcoin
Bitcoin (BTC)
$66,805.00 2.31211
Bitcoin price
Ethereum
Ethereum (ETH)
$3,506.52 1.88889
Ethereum price
BNB
BNB (BNB)
$594.11 2.62539
BNB price
Solana
Solana (SOL)
$169.51 1.27971
Solana price
XRP
XRP (XRP)
$0.5932780 5.866
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 4.17503
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 3.15942
Pepe price
Bonk
Bonk (BONK)
$0.0000305 3.10807
Bonk price
Bitcoin
Bitcoin (BTC)
$66,805.00 2.31211
Bitcoin price
Ethereum
Ethereum (ETH)
$3,506.52 1.88889
Ethereum price
BNB
BNB (BNB)
$594.11 2.62539
BNB price
Solana
Solana (SOL)
$169.51 1.27971
Solana price
XRP
XRP (XRP)
$0.5932780 5.866
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 4.17503
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 3.15942
Pepe price
Bonk
Bonk (BONK)
$0.0000305 3.10807
Bonk price
Bitcoin
Bitcoin (BTC)
$66,805.00 2.31211
Bitcoin price
Ethereum
Ethereum (ETH)
$3,506.52 1.88889
Ethereum price
BNB
BNB (BNB)
$594.11 2.62539
BNB price
Solana
Solana (SOL)
$169.51 1.27971
Solana price
XRP
XRP (XRP)
$0.5932780 5.866
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 4.17503
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 3.15942
Pepe price
Bonk
Bonk (BONK)
$0.0000305 3.10807
Bonk price

Crypto accounts for 70% of South Korea’s overseas assets

crypto-accounts-for-70-of-south-koreas-overseas-assets
Edited by
News
Crypto accounts for 70% of South Korea’s overseas assets

The National Tax Service (NTS) of South Korea has revealed that 70% of the country’s overseas assets are in cryptocurrency.

According to an official statement, the country holds $98 million worth of crypto abroad, as reported by nearly 1,400 individuals and corporations.

The NTS said that out of the 186.4 trillion won ($140 million) in assets held by 5,419 entities in foreign financial accounts. The types of holdings included stocks, crypto, deposits, and savings.

Of the reported funds, 130.8 trillion won ($98 million) were in crypto.

South Korea’s crypto journey

The relationship between South Korea and cryptocurrency has been challenging. The country has experienced ups and downs in its crypto market, with tightening government regulations threatening a potential shutdown at one point.

The government’s presidential committee has called for robust crypto regulations to encourage mainstream adoption.

Despite the challenges, South Korea remains a hub for crypto activity. The country is home to one of the most active local crypto markets, with the largest exchange, UPbit, listing 111 cryptocurrencies. Compared to countries like the U.S, a significantly higher percentage of South Koreans have engaged in crypto transactions.

South Korea’s stance on crypto and active participation in the industry highlight its potential as a significant player in the global crypto landscape.