Scan to download
BTC $58,411.53 -1.91%
ETH $1,555.71 -0.77%
BNB $545.41 -0.93%
XRP $1.02 -1.95%
SOL $72.25 -0.95%
TRX $0.3166 -1.60%
DOGE $0.0701 -3.08%
ADA $0.1429 -0.69%
BCH $196.02 +0.21%
LINK $7.15 -1.65%
HYPE $64.70 +1.30%
AAVE $86.13 -5.95%
SUI $0.6822 -0.97%
XLM $0.1763 +1.72%
ZEC $393.09 +3.72%
BTC $58,411.53 -1.91%
ETH $1,555.71 -0.77%
BNB $545.41 -0.93%
XRP $1.02 -1.95%
SOL $72.25 -0.95%
TRX $0.3166 -1.60%
DOGE $0.0701 -3.08%
ADA $0.1429 -0.69%
BCH $196.02 +0.21%
LINK $7.15 -1.65%
HYPE $64.70 +1.30%
AAVE $86.13 -5.95%
SUI $0.6822 -0.97%
XLM $0.1763 +1.72%
ZEC $393.09 +3.72%

gift

All
Article
Flash

Korean Tax Tribunal: The gift tax on Bitcoin transferred through a spouse's account must be re-investigated

The Korean Tax Tribunal recently made a re-investigation ruling on a dispute regarding the gift tax on Bitcoin. The case involves whether transferring Bitcoin through a spouse's overseas exchange account constitutes a gift, which has attracted widespread attention in the cryptocurrency tax community. The case shows that taxpayer A transferred 67 Bitcoins stored in a personal hardware cold wallet (Ledger) to avoid direct transfer to a domestic exchange due to the Travel Rule regulatory restrictions in South Korea, using spouse B's overseas exchange account for the transfer. The entire process took only 2 to 8 minutes, after which the Bitcoins were sold to purchase real estate.The tax authorities determined that this action constituted a gift between spouses and imposed a gift tax on A. A appealed, claiming that the Bitcoins were personal assets held since before 2014 and submitted a memorandum of understanding signed with the spouse—where it was agreed that if the Bitcoins appreciated, real estate would be purchased, and 13 Bitcoins would be gifted to the spouse as compensation. A argued that determining it as a gift solely based on the brief passage of funds through the spouse's account was a qualitative error.After review, the Tax Tribunal found that A failed to adequately submit key evidence such as the memorandum of understanding, gift contract, and photos of the hardware wallet during the tax investigation, leading to flaws in the investigation process. At the same time, the distribution method of 67 Bitcoins transferred to A's account and 13 Bitcoins retained under the spouse's name was consistent with A's statements. Based on this, the Tribunal ruled that a new investigation must be conducted regarding the actual ownership of the hardware wallet and the substantive ownership of the digital assets. This case is seen as a landmark case in South Korea's cryptocurrency tax practice, directly addressing the challenges of determining ownership of cold wallet assets and the tax classification of cross-account transfers.

ValueChain announces the integration of DigiFT with Fireblocks, fully accelerating the launch of real-world assets (RWA)

ValueChain has achieved integration with DigiFT and Fireblocks to further enhance its ecosystem's ability to access global capital markets.Through deep collaboration with industry-leading compliant RWA exchanges and custody technology service providers, ValueChain has greatly simplified the onboarding process for RWA for application developers, enabling on-chain users to more easily access high-quality investment opportunities in fields such as artificial intelligence, renewable energy, and biotechnology.It is reported that ValueChain is an industry-leading Layer 1 blockchain focused on providing high performance, full transparency, and seamless interoperability in the on-chain experience. ValueChain is developed by the SoSoValue community and currently supports applications such as SoDEX, which has natively deployed its spot and perpetual contract trading matching engine on-chain.DigiFT is a next-generation real-world asset (RWA) tokenization platform with the most robust compliance credentials in the industry—having obtained dual licenses from the Monetary Authority of Singapore (MAS) and the Securities and Futures Commission of Hong Kong (SFC). The platform is designed for institutional-level RWA and offers a full-process, end-to-end digital asset service that includes tokenization, issuance, distribution, trading, and instant liquidity release. As a compliant platform trusted by global financial institutions, DigiFT is the preferred partner for asset management institutions in the field of on-chain tokenization and distribution.

Huobi HTX launches Pizza Festival with multiple celebrations: participate to share a prize pool of over $200,000 + physical gifts

According to the official announcement from Huobi HTX, the platform has officially launched the "Crypto Pizza Festival" series of activities, covering multiple gameplay options such as task challenges, holiday red envelopes, and lucky draws, with a total prize pool exceeding 200,000 USDT, including physical grand prizes like the iPhone 17 Pro Max, 10 grams of gold, and pizza vouchers.The task challenge competition runs from May 14 to May 25. After signing up, users can complete any one of the five tasks: earning coins, spot trading, contract trading, learning to earn coins, or holding $HTX to light up "Fire Treasures" and receive tiered rewards such as USDT earning interest vouchers, contract experience gold, and spot trading fee cashback vouchers. Collecting all Fire Treasures allows participation in a lucky draw to share a prize pool of 100,000 USDT, thousands of pizza vouchers, and USDT 10% earning interest vouchers.From May 18 to June 19, the pizza carnival red envelope activity will also be launched, with a total prize pool of 100,000 USDT. On the birthday of Fire Treasures (May 18) and Bitcoin Pizza Day (May 22), users can visit the event post to receive no-threshold red envelopes. Completing daily interactions or referral tasks can unlock subsequent red envelope qualifications, and checking in for 7 consecutive days can unlock large red envelopes.The lucky draw activity will start on May 18. During the event, accumulating a spot trading volume of ≥100 USDT or a single contract trading volume of ≥2,000 USDT will grant a chance to enter the draw. The prize pool includes an iPhone 17 Pro Max in Starry Orange (1TB), Keron 4 GT, 10 grams of gold, BTT/NFT/WIN/SUN tokens, and contract experience gold, among others.
app_icon
ChainCatcher Building the Web3 world with innovations.