Cryptocurrencies: 4423 / Markets: 31612 Market Cap: 24h Vol:
Cryptopolitan
2019-12-08 18:26:55

Korean crypto taxes coming in 2020

Korean crypto taxes are going to be a reality soon. The South Korean government is planning to tax the cryptocurrency gains under the capital gains category. Interestingly, Korea has emerged as a hub for cryptocurrency trading which means a substantial amount of money is being generated in this area. However, despite the mammoth crypto trading industry, there is no definite tax framework to account for the gains. The sale of digital assets from crypto speculation just wasn’t possible in Korea till now. All that will be a thing of the past as the Korean Ministry of Economy and Finance has

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer