South Korea reportedly considering reclassifying crypto exchanges as financial firms, imposing education tax after Digital Asset Basic Act passes

South Korea's government is reportedly considering reclassifying cryptocurrency exchanges as financial enterprises after the Digital Asset Basic Act passes, and imposing an education tax on them. Based on current financial industry tax rates and 2025 revenue, Upbit operator Dunamu and Bithumb would face annual education tax burdens of about 10.2 billion won and 3.2 billion won respectively, according to the Seoul Economic Daily.

Detected & updated continuously · Source: Nebula