https://cointelegraph.com/news/s-korea-to-tax-crypto-exchanges-242-percent-in-line-with-existing-tax-policyDespite all the FUD from Korea lately, it seems like the government is actually taking a fairly positive stance towards crypto now. I think an official tax system for cryptocurrencies legitimizes the industry. Looks like Korea might be going towards what Japan has done in terms of policies regarding crypto, even though in the beginning it looked like they were going in the same direction of China (creating FUD, making things illegal).
Everything is still in the initial stages, so I'm really interested in seeing what happens in the future. What do you guys think?
24.2 percent tax is really high, but the best is it didn't got banned on the country, many investor will be affected if that happen. In my country bank are banning all the account related to cryptocurrency because cryptocurrency is not supported on the laws .