South Korea, Britain, Bulgaria to Join Forces to Combat Crypto Tax Dodgers (Report)
Kim Dae-Ji, the chairman of South Korea’s National Tax Agency, met this week with tax executives in Britain and Bulgaria to discuss the “rise tax-dodging strategies” using digital assets.
According to local media, they are not recognized as legal tender by local authorities, but ownership and trading are allowed. Although they are not considered legal tender, trading and ownership are permitted. However, South Korea’s new president Yoon Suk-yel has stated his support for crypto and plans to invest $187million in a national metaverse platform. This platform will be used to boost digital content and corporate growth.
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