South Korea’s reported crypto holdings fall 5.4% on price declines

The value of overseas cryptocurrency holdings reported this year by South Korean residents and domestic corporations fell to 10.5 trillion won, down 600 billion won, or 5.4%, from 11.1 trillion won a year earlier, Dailian reported. The number of filers, however, rose 1.8% to 2,362 from 2,320. South Korea’s National Tax Service attributed the decline to a broader drop in cryptocurrency prices. Dailian said reported overseas stock holdings reached a record 61.3 trillion won.