2022 Week 29 — Bisonai Brief

  • Report: 3AC Co-Founders Are Traveling to Dubai and Want an Orderly
  • NFTs are inclusive and the ban on Minecraft is “hypocritical,” says Yat Siu of Animoca
  • Hack of the Week: “Audits Are Not Bulletproof”: Audius’s $6 million in Ethereum tokens was stolen by hackers
  • FTX is allegedly in talks to acquire the South Korean exchange Bithumb.
  • Daniel Shin, a co-founder of Terra, has his home raided by South Korean prosecutors: report
  • South Korea pushes back its 20% cryptocurrency tax until 2025.
Three Arrows Capital logo
Su Zhu (left) and Kyle Davies (right)
Animoca Brands co-founder Yat Siu
Tweet from Audius
Autumn of Seoul. Deoksugung Palace. — Photo by SeongPhil Jang on Unsplash
The FTX founder has his finger in a lot of pies
Terraform Labs co-founders Daniel Shin (left) and Do Kwon (right)
South Korean police cars
Government Announces Tax Reform Plan for 2022
  • The declaration follows a decision by the nation’s lawmakers in December to postpone the beginning taxation on virtual assets until 2023.
  • The taxation of revenue from virtual assets as well as income from the “transfer or loan of virtual assets” will be postponed until 2025, according to the tax reform plan examined by CoinDesk.
  • The original intention was to impose an additional 20% tax on cryptocurrency gains surpassing KRW 2.5 million ($1,900) in a calendar year.



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