Crypto tax in South Korea is ‘inevitable’ in 2022, says minister
Cointelegraph
Published Apr 27, 2021 04:19AM ET
Updated Apr 27, 2021 06:00AM ET
Amid the growing opposition against the new cryptocurrency tax regime in South Korea, finance minister Hong Nam-ki confirmed that the government will start taxing capital gains from crypto trading starting next year.
“It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” the minister said when asked whether the tax should be delayed until the state has proper industry oversight in place, Reuters reports Tuesday.
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Written By: Cointelegraph
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