
South Korea weighs education tax on crypto exchanges
- —Financial firms pay 0.5% on revenue up to 1 trillion won and 1% above that
- —Dunamu posted 1.52 trillion won in 2025 revenue; estimated tax of 10.2 billion won
- —Bithumb's revenue was 651.3 billion won; estimated tax of 3.2 billion won
- —Exchanges are currently classed as IT businesses and exempt from the tax
Why it matters: The levy would cut into profits at Korea's largest exchanges and set a precedent for treating crypto firms as financial institutions.
Source: crypto.news
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