Korean crypto taxes coming in 2020

Korean crypto taxes are going to be a reality soon. The South Korean government is planning to tax the cryptocurrency gains under the capital gains category. Interestingly, Korea has emerged as a hub for cryptocurrency trading which means a substantial amount of money is being generated in this area. However, despite the mammoth crypto trading industry, there is no definite tax framework to account for the gains. The sale of digital assets from crypto speculation just wasn’t possible in Korea till now. All that will be a thing of the past as the Korean Ministry of Economy and Finance has