South Korea Says Bankrupt Exchange Accounts Remain Reportable

South Korea says bankrupt exchange accounts remain reportable

South Korea says qualifying overseas crypto accounts remain reportable even when exchange bankruptcy prevents trading or withdrawals.

South Korea: Report Overseas Crypto Accounts After Bankruptcy

The reported position is narrow: an exchange failing does not by itself release the account holder from the duty to disclose the overseas account to South Korea's tax authority.Read more...

Your Exchange Went Bankrupt. Korea's Tax Office Still Wants To Know About It.

BitcoinWorld Your Exchange Went Bankrupt. Korea’s Tax Office Still Wants to Know About It. There’s a specific kind of unfairness that this ruling seems to capture at first glance: an investor loses access to their money when a foreign crypto exchange collapses, spends years navigating a bankruptcy process just to recover a fraction of what they had, and then finds out the tax authority considers the whole ordeal irrelevant […] This post Your Exc…