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RE: So It Begins: South Korea To Tax Cryptocurrency Exchanges With 24.4%

in #crypto7 years ago (edited)

This is really a Good News! Now cryptocurrency trading is legal in South Korea as they are collecting taxes on it... Things will be stable very soon..

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The exchanges will probably just raise the trading fees to offset the hit from these taxes. I guess the consumer gets the shaft in the end, as always!

Great point! We should push that as the story!

How much do a South Korean investor already has to pay in income taxes on crypto gains? I guess international users will also have to pay for that.