Shinhan Securities analyst Park Sung-jae stated that imposing a 22% tax could shift domestic investment to foreign exchanges like Binance, which offer futures and leverage trading unavailable locally.

The venues where digital assets trade, from Coinbase and Binance to decentralized protocols, with their listings, licenses, custody and failures.

How tax authorities treat digital assets, from capital gains on trades to income from staking, mining, and airdrops, along with reporting rules for exchanges and individuals.