Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
BiyaPay Analyst: South Korean Residents' Overseas Service Virtual Asset Income is Taxable, BiyaPay Helps Users Navigate Global Tax Policy Changes
BlockBeats News, July 10th, the South Korea National Tax Service recently clarified that residents receiving virtual assets in the form of income from overseas companies are also required to declare comprehensive income tax. This policy requires that if a Korean resident receives virtual assets from a foreign company as compensation under a separate incentive contract and has not undergone withholding tax through a tax combination, they must declare comprehensive income tax.
This case involved Singaporean Company B issuing virtual assets to employees of its Korean subsidiary Company C as compensation. The employees directly signed an incentive contract with Singaporean Company B, engaged in blockchain and cryptocurrency exchange-related work, and received compensation in the form of virtual assets. This change marks that multiple countries worldwide are strengthening tax regulations on virtual assets, especially regarding cross-border income and the sources of cryptocurrency income.
In response to this trend, BiyaPay helps users efficiently manage digital currencies, assisting them in coping with global tax policy changes more easily.
Advantages provided by BiyaPay:
1. Multi-legal currency exchange: Supports USDT deposits for exchange into over 30 different legal currencies such as US dollars, euros, Hong Kong dollars, Singapore dollars, etc., and provides a zero-freeze card withdrawal service to ensure fast and secure remittances.
2. Convenient cryptocurrency exchange: Supports the exchange of over 200 cryptocurrencies such as BTC, Ethereum, etc., with spot and contract limit order transactions having zero transaction fees, significantly reducing trading costs.
3. Barrier-free trading of US and Hong Kong stocks: Users can trade US and Hong Kong stocks using USDT without needing to apply for an offshore account, easily participating in global stock trading and seizing investment opportunities in real-time.
BiyaPay empowers global users to smoothly conduct cross-border remittances, cryptocurrency transactions, and global investments amidst changing tax environments. We will continue to provide users with innovative, secure, and efficient financial services.
You may also like
What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)
Wondering what is RWA in crypto? We explain what RWA is, break down RWA tokenization in simple no-jargon terms, and cover why it's 2026's hottest crypto narrative.
What Is the KelpDAO Attack? What It Means for Aave Users in 2026
KelpDAO suffered a $292M rsETH exploit on April 18, 2026, triggering Aave market freezes and $13B DeFi outflows. Here’s what happened, whether Aave is safe now, and what users should do next.
Is your gold really "within reach"? The geographical blind spots of custodial services behind tokenized gold
Cook Passes the Baton, Anthropic Gears Up | Rewire News Morning Brief
Will the Fed Cut Interest Rates Again? Tonight's Data Is Key
The person taking over Apple has to do something he has never done before
Why Are You Always Losing Money on Polymarket? Because You're Betting on News, While The Rulebook Favors Insiders
Not a Price Hike, but a Supply Shortage? Oil Price Has Crossed the Threshold
a16z: 5 Ways Blockchain Helps AI Agent Infrastructure
Morning News | The Hong Kong Securities and Futures Commission announced the regulatory framework for secondary market trading of tokenized investment products; Strategy increased its holdings by 34,164 bitcoins last week; KAIO completed a strategic fi...
What Is an XRP Wallet? The Best Wallets to Store XRP (2026 Updated)
An XRP wallet lets you safely store, send, and receive XRP on the XRP Ledger. Learn what wallets support XRP and discover the best XRP wallets for beginners and long-term holders in 2026.
What are the Top AI Crypto Coins? Render vs. Akash: 5 Gems Solving the 2026 GPU Crisis
What are the best AI crypto coins for the 2026 cycle? Beyond the hype, we analyze top tokens like RNDR, AKT, and FET that provide real-world solutions to the global GPU shortage and the rise of autonomous agents.
What Is a Token in AI? What Is an AI Token + 3 Gems You Can't Miss in 2026
The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.
Consumer-grade Crypto Global Survey: Users, Revenue, and Track Distribution
Prediction Markets Under Bias
Stolen: $290 million, Three Parties Refusing to Acknowledge, Who Should Foot the Bill for the KelpDAO Incident Resolution?
ASTEROID Pumped 10,000x in Three Days, Is Meme Season Back on Ethereum?
ChainCatcher Hong Kong Themed Forum Highlights: Decoding the Growth Engine Under the Integration of Crypto Assets and Smart Economy
What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)
Wondering what is RWA in crypto? We explain what RWA is, break down RWA tokenization in simple no-jargon terms, and cover why it's 2026's hottest crypto narrative.
What Is the KelpDAO Attack? What It Means for Aave Users in 2026
KelpDAO suffered a $292M rsETH exploit on April 18, 2026, triggering Aave market freezes and $13B DeFi outflows. Here’s what happened, whether Aave is safe now, and what users should do next.
App