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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Are there any plans to release trade logs? Counterparties that were involved, any potential conflicts of interest, the exact details of the OTC blocks? This is one of the major transparency issues that needs to be dealt with given potential VC/board COI.
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We dont control the trade logs of trading partners’ granular trade execution - this is not how MM arrangements typically operate. But the amount of UST lfg purchased maps to the amount of BTC expended.
Not a reasonable answer. When did LFG authorize the BTC/UST swap? The agreement was dated Jan 2022 but what about the final order before the market maker carried out the defense? Full agreement text should be disclosed. So are the trade tickets and trade confirms paper trail.
To be frank, if another trading entity is acting as an agent for LFG or Terra, you should have full access to those details as you essentially forming a trust with the MM.
Agree there may be other parties with interests but you could certainly waive the direct MM trade info.
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so..... are we never going to know who kwon sold the BTC to ?
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