Daily Archives: 21/07/2022

Finland sold stock of confiscated bitcoins

According to the Finnish customs authorities, the service sold most of the stock of confiscated bitcoins and transferred more than €45 million to the state. Financial Director of the Finnish Customs Service (Tulli) Pekka Pylkkanen (Pekka Pylkkänen) said that most of the bitcoins previously confiscated by court order have been sold. The bulk of the virtual currency was confiscated in raids until 2018, and the authorities took a long time to decide what to do…

South Korea has postponed the imposition of a tax on cryptocurrencies

The South Korean government has postponed the introduction of a 20% tax on cryptocurrencies for two years. The new law was to come into force on January 1, 2023. Government officials announced that the decision was made amid a sluggishness in the crypto market and additional time needed to prepare measures to protect investors. Initial plans to impose a tax on cryptocurrency profits exceeding 2.5 million won ($1,900) in one year remain unchanged. The new…