Author: V Sinclair
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Upbit Refunds $6.07 Million to Victims of Crypto Scams
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The crypto market has faced million-dollar losses all due to these cyber frauds and there are only a few cases where a possible recovery was made. In a notable incident, South Korea’s largest crypto exchange, Upbit, recently refunded 8.5 billion won ($6.07 million) to 380 victims of voice phishing scams. This recovery was made possible through its…
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South Korea will propose a 20% cryptocurrency tax with a higher exemption threshold in 2025.
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Reported by The Block: South Korea’s ruling Democratic Party plans to forge ahead with the planned crypto tax from the start of 2025. The party, however, is looking to raise the tax exemption limit from about $1,795 to $35,919. South Korea’s ruling political party intends to push ahead with the plan to tax cryptocurrency gains…