South Korea Levying Crypto Tax Will Stifle Industrial Growth, Say Economists

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Confirmed South Korea to Impose Tax on Cryptocurrency 350x209 3

Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the view of leading South Korean economists in response to the Ministry of Economy and Finance’s tax office proposal to levy a 20 percent tax

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