The official press service of the Korean Ministry of Strategy and Finance issued a statement in which the information about authorities intend to impose a 10% tax on profits from crypto trades was refuted.
Last week Chosun said, referring to a source in the government, that the South Korean authorities were ready to impose a tax on the profits that citizens receive from crypto trading, regardless of the amount of investment.
“We have already decided to tax profits from investments in cryptocurrency. The question is only how much time we should give investors and when to start implementing it,” – said the source.
The information was denied by the Ministry, which is engaged in the filed of financial regulation of South Korea.The Ministry stresses that the words of the source are very far from reality.