South Korean government faces pressure as crypto tax petition surpasses 52,000 signatures

Italian investigators traced €1 million in undeclared crypto gains through a Bitcoin Ordinals trading operation after analyzing activity tied to a seized Ledger wallet. Chainalysis detailed how blockchain records and exchange data helped reconstruct the alleged trading flows. Italian Crypto Tax Investigation Focused on Ordinals Trading Italian financial investigators traced more than €1 million ($1.16 […]

Dubai's crypto tax payment option could attract global investors, enhancing its status as a leading crypto-friendly hub and boosting economic growth. The post Dubai government allows residents to pay taxes with Bitcoin via Crypto.com appeared first on Crypto Briefing.

The post South Korea crypto holdings crash 50% as investors chase stocks appeared on BitcoinEthereumNews.com. South Korean investors cut their crypto holdings by more than half over the past year as capital moved toward the stock market.  Summary South Korean crypto holdings dropped from $83.3 billion to $41.4 billion within a year. Trading volume on five major exchanges fell sharply as investors moved toward equities. New AML checks and a 2027 crypto tax may add pressure on local exchanges. Bank of Korea data submitted to Rep. Cha Gyu-geun showed holdings fell from 121.8 trillion won, or $83.3 billion, at the end of January 2025 to 60.6 trillion won, or $41.4 billion, by the end of February 2026. Daily trading volume also dropped across Upbit, Bithumb, Korbit, Coinone, and Gopax. The figure fell to about $3 billion in February from $11.6 billion in December 2024, showing lower activity among retail traders. Investors move toward stocks The decline came as Korean investors turned towar

South Korean crypto holdings fell to $41B as investors shifted to stocks, while tax and AML rules added fresh pressure.