Quote from: TNA on July 22, 2020, 01:36:09 AM

It's been a long time coming but it looks like they're finally here. Crypto taxes in South Korea.
Took them long enough. Honestly they don't look that bad. it's better than the capital gains threat that was being thrown around for a while.
20% on gains, minimum threshold is $2k/year, filed under income tax, starting October 2021.

https://thenews.asia/korean-crypto-tax-amendment-sent-for-review/

High taxes are really hurting our pockets, especially if we are South Koreans. This is definitely too much if I were a South Korean crypto trader. If the reason to set this high tax percentage for the purpose of recovering the economy, this isn't good at all. South Korea can definitely recover their economy without the need of targeting cryptocurrency traders who are living there.

I don't honestly believe that there will be some "special benefits" for South Korean cryptocurrency traders who are willingly oblige to pay 20% tax. At the expense of cryptocurrency traders' hard-earned income to revive the economy of South Korea? I would say no.