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The government of South Korea has made it official that crypto profits are not taxable according to the country’s current tax law. The decision comes only less than a month after the country announced that it would levy taxes on profits derived from crypto assets. Crypto Profits Not Taxable in South Korea Through its Ministry [...]
The government of Korea is preparing its legal mechanisms to levy taxes on capital gains crypto-asset proceeds. The new legislation, which targets digital asset deals, is set to take place from 2020. Korea to Tax Crypto Capital Gains As reported by the Korean Times, Korea has been one of the most active grounds for crypto [...]