South Korea to tax Crypto and ICOs

South Korea to tax Crypto and ICOs

Minister of Economy and Finance of  Korea Mr.Hong Nam-ki revealed the plan to the crypto industry in line with the global trend to tax the crypto assets. Also with respect to the present ban in the country, the Minister responded they are working on new policy and set up a task force such as National Tax Service. The country also plans to build its own “blockchain island” in the Jeju Island Resort.

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