South Korea Says Crypto Exchange Accounts Must Still Be Reported Even After Bankruptcy South Korea’s National Tax Service said residents mu…
South Korea Says Crypto Exchange Accounts Must Still Be Reported Even After Bankruptcy
South Korea’s National Tax Service said residents must still report overseas financial accounts holding crypto assets, even if the overseas exchange has gone bankrupt and trading or withdrawals are no longer possible. Accounts with balances exceeding KRW 500 million on any month‑end must be reported in June of the following year. Crypto assets have been subject to the reporting requirement since 2023.