South Korea requires reporting when funds from virtual asset sales are used to purchase a home
according to Digital Asset, the South Korean government has revised the real estate transaction regulations, requiring that when using virtual assets to purchase a house, the funds must be truthfully declared in the fund-raising plan. The new regulations were jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport, and other departments, with the aim of increasing the transparency of transaction funds and preventing illegal funds from flowing into the real estate market. The fund-raising plan will include the funds from selling virtual assets as part of the own funds, and relevant transactions will need to submit supporting documents.
Michael Saylor Named to Bloomberg Billionaires 500 Index
Michael Saylor, co-founder and CEO of Strategy, has seen his net worth soar by $1 billion since the beginning of this year, making him a first-time member of the Bloomberg Billionaires Index 500. Michael Saylor ranks 491st in the Bloomberg Billionaires Index, with an estimated net worth of $7.37 billion, a growth of 15.80% since January 1. According to Google Finance data, during the same period, Strategy (MSTR) stock price has risen by nearly 12%. The index tracks the net worth of the top 500 billionaires worldwide, with approximately $650 million of Michael Saylor's wealth in cash and the remaining $6.72 billion held in the form of Strategy stock.