South Korea
TokenPost
Bill Proposed to Link Crypto Taxation to 2029, and More
- A bill from Rep. Park Min-gyu and 13 co-sponsors would start crypto asset taxation on Jan. 1 of the second year after the first international exchange of crypto transaction data — e.g., 2029 if data exchange begins in 2027.
- Ethereum's market cap has dropped about $54 billion (~KRW 71.55 trillion) over three weeks, with ETH price down roughly 15% in the same period.
- Per analyst Darkfost (via PANews), Binance's ETH futures open interest fell $1.3 billion over the past month to $5.7 billion, reflecting broader declines in derivatives open interest.