South Koreans use 148.5B won crypto proceeds
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South Koreans used 148.5 billion won from crypto sales in 1,688 home purchases between February and July 2026.
South Koreans used 148.5 billion won from crypto sales in 1,688 home purchases between February and July 2026.
Several South Korean banks are testing JPMorgan's Kinexys blockchain payment network to improve international money transfers.
South Korea's tax authorities have finalised regulations requiring the taxation of cryptocurrency earnings from domestic exchanges, international trading platforms, and self-hosted wallets, with the combined levy taking effect from 1 January 2027.
South Korea plans to lower the reporting threshold for cryptocurrency transfers under its Travel Rule, increasing reporting requirements for more transactions.
