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Self-made wealthy individuals worldwide appear more likely to invest in cryptocurrencies like Bitcoin (BTC) as opposed to those whose wealth is mostly inherited, a new survey suggests.Wealth-X, a research startup focused on wealth information, released a new report on the peculiarities of crypto investments made by wealthy people worldwide on
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Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such tax purposes. Virtual Asset Service Providers
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While South Korea’s plan to tax income from virtual assets has been postponed until 2023, users will be required to pay a levy on inherited or donated crypto assets.Dec 31, 2021 at 12:50 p.m. UTCUpdated Dec 31, 2021 at 12:50 p.m. UTCSeoul, South Korea. (Ciaran O'Brien/Unsplash) Original Source
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