BiyaPay Analyst: South Korean Residents' Overseas Service Virtual Asset Income is Taxable, BiyaPay Helps Users Navigate Global Tax Policy Changes

By: theblockbeats.news|2025/07/10 20:31:55

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.

-- Price

Most crypto traders lose money not because of bad luck, but because they misunderstand how the market really works. From Freedom of Money to the rise and fall of Sam Bankman-Fried, they highlight a key divide in crypto: those who build the market and those who chase it. This reading guide explores essential books that reveal how narrative, regulation, capital, and psychology shape long-term success in the crypto industry.

The Risk Management Core Team has just been ousted, and Aave is now facing a $200 million default.

rsETH attack is just the tip of the iceberg, Aave is an approved insolvency

The $293 million bug wasn't in the code; so, what's the deal with the "DVN Configuration Bug," which led to the largest hack of 2026?

「Audit Passed」 these four words do not cover the location of the parameter.

a16z on Recruitment: How to Choose Between Crypto-Native and Traditional Talent?

Is it someone with encryption experience or someone with outstanding quick learning ability?

The biggest DeFi heist of 2026, hackers easily took advantage of Aave

A fake news story swindled 292 million dollars: Kelp DAO's cross-chain bridge was drained in 46 minutes.

Will Robots Replace Humans? He Says No!

Robots will not replace humans, but will rewrite the division of labor

Binance Coin's Price Skyrockets 15x to All-Time High, Saved by Three Bull Market Lifelines

Bringing Back the Long-Awaited Meme Coin Volatility

The organization has accessed the prediction market, but is stuck at the third stage

The proportion of sports categories on Kalshi is at a historical low, shifting from "entertainment trading" to "information and risk tools."

Head of crypto VC collective shrinks: a16z crypto fund management scale plummets by 40%, Multicoin cut in half

The only one experiencing counter-cyclical growth is Haun Ventures, which hit the jackpot in the stablecoin sector with BVNK being acquired by Mastercard.

Arthur Hayes New Post: It's "No Trade" Time Now

When volatility truly spirals out of control and liquidity is forcefully unleashed, the market will re-enter a tradable phase.

Claude Opus 4.7 Review: Is It Worthy of the Title of Strongest Model?

Opus 4.7 is a surgical, precision-based release with clear trade-offs.

DWF In-Depth Report: AI Outperforms Humans in Yield Farming Optimization in DeFi, But Complex Transactions Still Lag Behind 5x

Across agents, model selection and risk management have the most significant impact on transaction performance.

The financial tricks of the crypto giant Kraken

After Coinbase, several other cryptocurrency exchanges have entered the capital market. Will Wall Street still pay a premium for the same story?