South Korea
Digital Asset
Ministry of Economy and Finance: Report on 'Taxing Perpetual Futures on Foreign Exchange Stock Products' Is Not True
- MOEF released an official press explanation on November 3 denying the report.
- The denied report, published November 2, claimed MOEF planned to classify US-stock-linked perpetual futures traded on overseas crypto exchanges as foreign stock derivatives subject to capital gains tax.
- MOEF explicitly stated that perpetual futures and similar products traded on overseas digital asset exchanges are not being taxed as derivatives.