Re: South Korea will raise the Crypto Captial Gains tax to 20%

Quote from: oysetrrr on Today at 03:15:57 AM

As of late, south Korean private sector members talked about a crypto-related tax assessment bill to set up capital additions charge for cryptocurrency. During these conversations on July 13, individuals demonstrated crypto gains expenses could ascend as high as 20%/https://www.currencytimes.co.in/south-korea-will-raise-the-crypto-captial-gains-tax-to-20/

I think we can't escape from crypto taxes if ever even cryptocurrency is a decentralized digital currency that no one can control it.But we all know that government will do everything just to get what they want and there is no impossible to them if they are going to implement rules regarding taxation in cryptocurrency. Although they can't track the online transaction of every wallet address because of anonymity but once the owner of crypto or bitcoin cash out it into a fiat money then the government will enter. Every remittance center has also implementing a KYC before you can cash out your money and they will ask you if where your money came from. In the KYC form you should put your job in order for them to know if where your money comes from.