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South Korea Could Issue a Crypto Capital Gains Tax as High as 20%

South Korea Could Issue a Crypto Capital Gains Tax as High as 20%

South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains taxes could rise as high as 20%. Proposed amendments to existing laws also plan to classify cryptocurrencies as “goods,” rather than currencies.







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