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/20% is a fair game imo, but only if its an only taxation I mean without any additional taxes whatsoever.
If thats the case - I am glad that there is at least one country with adequate legal status of crypto