Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.
Please everyone, for the sake of me, lets all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source:
http://www.thebchain.co.kr/news/articleView.html?idxno=5981Don't just focus on the "tax" section, there are other big points when I read the news.
http://www.thebchain.co.kr/news/articleView.html?idxno=5981The tax mentioned is a post-activation policy if the industrial revolution committee that encourages the enlargement of the blockchain industry is accepted by the president.
The point is that if the government activates the institutionalization of crypto assets, then that will be the entry point for licensing large-scale crypto business, and is included in 2 points of innovation: social and industrial
the committee also urged that a preventive policy be made immediately so that business is adopted by government control. I think this is good because it will really get legal accommodation, both small / giant / startup companies.
they emphasize 2 points of continuous innovation: regulation and administration to accommodate accountability, and from this the tax part will be intended.
so this is precisely the green light mode for the crypto industrial revolution in South Korea, and also the foundation of certainty that businesses that will emerge will be overseen by regulations.