South Korea: Regulators Mulling Taxing Cryptocurrency Gains


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South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

South Koreans cryptocurrency traders could soon find themselves busy doing taxes. According to a report by Decrypt published on May 30, 2020, the South Korean Ministry of Strategy and Finance has proposed taxing profits made via crypto-fiat transactions. South Korean Regulator Eyes Taxes on Crypto Profits In a bid to bring more clarity to the country’s digital currency trading

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