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/

That is a bull shit tax policy. Crypto market is volatile and the difference between profits and loses are too small and it might be flipped in a very short period of time, in minutes, hours or a couple of days.

I have not said about the potential risky loses due to attacks and hacks on personal wallets. People can lose huge funds with the stolen funds on their personal wallets. How the governments can count for such loses for investors? It is a very complex problem and not easily to be solved. Maybe there will be people blame on and say lies about wallet hacks and fund loses (in reality they don't lose anything) but the true unlucky losers will do suffer unfair in such tax policy. They don't have any protective policy. They lose their funds on personal wallets and get double loses with high tax rates.