Korea has zero crypto taxes and cheaper cost of living - not a major factor in my decision
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Are you not being pursued by the Korean tax authorities for over $78m in unpaid business taxes? Singapore has lower business taxes and zero capital gains tax. Your ex-dev also mentioned Korean tax officials were 'harassing' employees in your office. Come on now...
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We have no outstanding tax liabilities in Korea
The NTS did conduct a tax audit across all the major crypto cos with a presence in Korea and applied Korean tax code to foreign mother companies, and every company ended up paying as a result - we paid in full
Not unique to TFL
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Very interesting - that's completely contrary to what the media says, but thank you for the information. It would be awesome if you could post more details/evidence of this at some point.
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Understand why this would be interesting to look at for gossip but not sure if its relevant to anything thats going on
Korean govt needed money to shore up covid spending, creatively charged millions from crypto companies, and we paid our share in full - all there is to it
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We are down $30 billion this year
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All but 313 btc was used to defend ust peg
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$LUNA investors deserve #BURNnotFORK
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Right but this is literally not possible- money is needed to buyback and burn tokens
Not necessarily, release a new token that people can only receive by staking Luna. The amount of the new token equals the amount of Luna that gets burned in the process. Back the new token with something that has value. People can then buy UST 1:1 and the new token gets burned
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