South Korea sets crypto tax precedent with wallet exemption

South Korea‘s National Tax Service (NTS) has announced that individuals with virtual assets in non-custodial, decentralized wallets, including cold wallets, are exempt from overseas financial account reporting. This announcement, made on October 30, 2024, clarifies the position of the NTS following its June 2023 decision to include virtual assets in overseas financial account reporting for... source: https://www.cryptopolitan.com/south-korea-sets-crypto-tax-precedent/