In South Korea, Treating (And Taxing) Crypto Gains As Income

In South Korea, Treating Crypto Gains As Income | PYMNTS.com

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). To that end, reports came this week that in South Korea, the Ministry of Economy and Finance is considering a 20 percent tax on income generated from cryptocurrencies – a policy that would codify tax policy where no real foundation yet exists.