The most up-to-date manual for safe and stable family virtual asset trading.
"Rich Dad's Tax-Saving Strategy: The Laws of Bitcoin Inheritance and Gifting"

Tax, accounting, legal, and media experts offer family tax strategies for coin investment.
In the era of 10 million coin investors, the art of inheritance and gifting is a losing proposition.

Now that virtual assets, led by Bitcoin, have become a part of the real economy, more investors and wealthy individuals than ever before are facing new challenges: "coin donations" and "coin inheritance."
Amidst growing concerns about tax savings related to practical coin investment, such as "Is it okay to buy coins in my child's name?" and "Can I invest in coins as a family corporation?", a book has been published that provides clear answers to all of these questions.
This is a practical guidebook, "Bitcoin Tax Savings, Gifts, and Inheritance User Manual," which comprehensively covers tax saving, gifting, and inheritance issues related to virtual assets.

[If you had to choose just one asset to pass on to your children, what would it be?]
The reason gold has value is because of its rarity, as mentioned earlier.
The reason gold prices are rising also applies to Bitcoin.
Bitcoin is just 'digital' added to this.
Bitcoin is a number (Digit).
But bank balances are actually just numbers.
It's already more common to transfer numbers to a credit card or banking app than to pull out a Shin Saimdang bill.
Bitcoin has the properties of traditional gold plus digital properties.
Historically, Bitcoin and gold are likely to follow similar trajectories.
Gold is currently priced at $2,800 per ounce in the international market.
It's the highest price ever.
Why does the price of gold rise? Why do people buy gold that doesn't respond to caress? Gold's rise stems from fear.
--- p.28

[Bitcoin Legalization]
The definition of virtual assets is very broad.
Since it includes all currently listed and unlisted coins, we can consider all coins we know as virtual assets.
In particular, all coins listed on exchanges such as Upbit are virtual assets protected by law.
NFTs (Non-fungible tokens) vary depending on the type, but are generally interpreted as not being included in ‘virtual assets’ under the Virtual Asset User Protection Act.
Additionally, although it has not yet been issued, if the Bank of Korea issues a CBDC (Central Bank Digital Currency), that CBDC will be a national currency and therefore not a virtual asset.
The laws that explicitly state the term "virtual asset" include the Act on Virtual Asset User Numbers, etc. (abbreviated as the Virtual Asset User Protection Act), the Act on Reporting and Use of Specific Financial Transaction Information (abbreviated as the Special Financial Transaction Information Act), the Income Tax Act, and the Local Tax Act.
You can see that it is mainly listed in laws related to property.
It is relatively recent that virtual assets, including Bitcoin, have been reflected in the law.
--- pp.46~47

[Inheritance Tax and Gift Tax Act and Income Tax Act]
Currently, if we buy and sell Bitcoin and make a profit from the price difference, we do not pay any income tax.
The reason is that Bitcoin is not listed anywhere in the Income Tax Act.
The recent agreement between the ruling and opposition parties in the National Assembly to postpone taxation on virtual asset price gains until 2027 was made possible by the agreement to postpone the inclusion of virtual asset income in “other income” under Article 21 of the Income Tax Act until 2027.
That is, at this point in time, Bitcoin is not 'enumerated' in the Income Tax Act, so it cannot be taxed.
This is enumerationism.
On the other hand, the Gift Tax Act does not list them one by one like the Income Tax Act.
The Inheritance Tax Act adopts a comprehensive principle and applies to all properties with property value without exception.
--- pp.63~64

[Bitcoin Inheritance Case]
Let me introduce a case where I actually handled a virtual asset inheritance case.
There was an incident where a mother who had deposited approximately 800 million won in Bitcoin and Ethereum in a virtual asset exchange in the United States suddenly died.
However, the company that operated the virtual asset exchange filed for bankruptcy in the U.S. Delaware Bankruptcy Court and was in the process of being sold.
The heirs found out too late that their mother had been storing virtual assets on the exchange, after the reporting period had passed.
At this time, on behalf of the children who had the right to receive virtual assets, the court proceeded with the 'post-deadline filing procedure' in the U.S. bankruptcy court, and explained the reason for not filing within the deadline. The court paid the Bitcoin and Ethereum deposited by the mother to the heirs, and the inheritance tax was also accurately calculated.
This was possible because the exchange complies with the bankruptcy and succession laws of the U.S. Delaware court.
Most small investors will store their Bitcoins on exchanges, which are centralized administrative entities and therefore subject to legal consequences related to inheritance, both domestically and internationally, unless there are special circumstances such as bankruptcy.
This is because centralized exchanges are subject to local laws, including inheritance laws.

--- pp.66~67