Sunmool

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[Sunmool @xsunmool]

Anyone know what the Japanese behind me says? 👀

#Japanese

[Sunmool @xsunmool]

I voted to bring back @jadoodoo for the @joinfrontier London Grand Final.

Vote for your favorite trader.

I love you, Jadoodoo! ���️

https://t.co/sSJWTX6Git

[Sunmool @xsunmool]

This year, @fireant_korea, a Korean KOL led protests in Korea calling for the crypto tax to be postponed, and I supported the cause by donating USDT.

If you're outside Korea, you might think, "So they're protesting because they don't want to pay taxes?" So let me explain from the beginning what's going on with crypto taxes in Korea.

Korea has a lot of crypto investors. Most Koreans buy crypto with Korean won on local exchanges like Upbit and Bithumb.

As of 2024, Korea had about 6 million crypto investors, and the total value of the Korean crypto market passed 55 trillion won (roughly $40 billion) that year.

A citizen who filed a petition to the National Assembly in 2024 claimed that half of all investors are in their 30s or younger.

Housing prices in Korea have risen so much that many young people feel they can't build wealth from their salary alone, and a lot of them have turned to crypto.

That's why in Korea, the crypto tax gets discussed together with youth issues and politics.

Here's why I think the tax should be postponed.

First, the system isn't ready. According to data that lawmaker Park Soo-young's office received from Korea's five major exchanges, not a single exchange has finished building a system to calculate the tax.

Second, even getting your trading records is hard. Upbit lets you see your full trading history back to January 2019, but Bithumb only shows up to one year or 15,000 trades. Investors have to prove what price they bought at, and without records there's no way to do that.

Third, it's hard to track people who use overseas exchanges. CARF is a system created by the OECD that lets countries automatically share crypto transaction data with each other, to stop people from avoiding taxes by trading abroad. The US joins in 2029. If Korea starts taxing before then, it will be hard to check the trades of Koreans who use US exchanges, and only people using Korean exchanges may end up paying.

Fourth, there's still no investor protection law. The government hasn't even released its draft of the Digital Asset Basic Act, and lawmakers have pointed out that the government wants to collect taxes first. Industry groups are also asking for an investor protection law at the level of the stock market first, and for taxation to start in 2029 when the US and others join CARF.

I do think crypto should be taxed at some point. But under current conditions, there's no way to tax it fairly.

Exchanges don't have a calculation system, there's no way to check people using overseas exchanges, losses can't be carried over to the next year, and the annual deduction is only 2.5 million won (about $1,800).

If it starts like this, only people who traded honestly on Korean exchanges and kept records will pay. It would just give people one more reason to use foreign companies instead of Korean ones.

Nothing is final yet, but everyone has agreed, and it basically just needs the final sign-off.

Still, I think this will be the last postponement, so from now on I plan to keep careful track of my crypto holdings and trading history.

[FIREANT @fireant_korea]

🇰🇷 CONFIRMED: South Korea’s presidential office has decided to delay the crypto tax that was set to start Jan 1, 2027.

Korea is heating up again. Time to watch the Korean market 🔥

official : https://t.co/sEcsr4QsE6

[Sunmool @xsunmool]

I thought building an FX alert bot would be pretty straightforward.

I've been building it with @seraprotocol and wrote about the experience so far.

Curious how other builders are approaching this. https://t.co/5yqyjkGwmp

[Sunmool @xsunmool]

@SurfAIHQ @renaissxyz 🙌

[Sunmool @xsunmool]

@jadoodoo Good luck!

[Sunmool @xsunmool]

So @AbstractChain is shutting down. What happens to everyone who spent months grinding XP?

Should’ve seen this coming when the TGE never seemed to get any closer.

You’ve given people one more reason to distrust this entire industry.

What was all that XP even for?

#Abstract #Airdrop

[Abstract @AbstractChain]

https://t.co/0F6yDmUPe5

[Sunmool @xsunmool]

@Joan_vc5444 @kbwofficial Just saying hi

[Sunmool @xsunmool]

Came home completely exhausted, but with hundreds of photos, new friends, and so many new ideas.

That was @kbwofficial for me.

#KBW #KBW2026

[Sunmool @xsunmool]

@Joan_vc5444 @kbwofficial Hey

[Sunmool @xsunmool]

@Irenezhao_ Have a good day!

[Sunmool @xsunmool]

@lvn_crypto @MemeCore_M So cute

[Sunmool @xsunmool]

With @MemeCore_M

#Lotteworld

[Sunmool @xsunmool]

@Euchq834 @kbwofficial 😮😮

[Sunmool @xsunmool]

@mgmgmg1211 @MemeCore_M 😍

[Sunmool @xsunmool]

@pingsh1011 @MemeCore_M 🤣🤣

[Sunmool @xsunmool]

@BCdFH6yqeMLCbE4 @MemeCore_M 😆

[Sunmool @xsunmool]

@BCdFH6yqeMLCbE4 @kbwofficial 😎😎

[Sunmool @xsunmool]

@solana She is amazing

[Sunmool @xsunmool]

@lvn_crypto @kbwofficial Okay 😂

[Sunmool @xsunmool]

@jeison06628035 @kbwofficial 🤣