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[ANALYSIS] Korea's crypto taxation plan receiving mixed reviews

[ANALYSIS] Korea's crypto taxation plan receiving mixed reviews

Joori Roh 5 minute read Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration SEOUL, July 13 (Reuters) - Yun Hae-ri, a 26-year-old South Korean cryptocurrency investor, has seen the value of a coin named Metadium nearly wiped out since she bought it in April. Like many South Korean retail investors, Yun has thousands of won in smaller cryptocurrencies, seen as alternatives to bitcoin, which have plummeted in value as regulators crack down on the sector. By Sept. ...

By Syndicated Content By Joori Roh SEOUL (Reuters) – Yun Hae-ri, a 26-year-old South Korean cryptocurrency investor, has seen the value of a coin named Metadium nearly wiped out since she bought it in April. Like many South Korean retail investors, Yun has thousands of won in smaller cryptocurrencies, seen as alternatives to bitcoin, which have plummeted in value as regulators crack down on the sector. By Sept. 24, South Korea’s numerous cryptocurrency exchanges will need to disclose risk management and partner with banks to ensure trading accounts are held by real peopl...

Survey shows South Koreans support crypto tax law More than half of the survey respondents favored the controversial crypto tax law in South Korea. 11317 Total views News An opinion poll conducted by South Korean television station YTN has shown significant support for the planned cryptocurrency tax regime in the country. According to a report by The Korea Herald, 53.7% of the 500 participants polled by South Korea survey firm Realmeter expressed support for the crypto tax law coming into effect in January 2022. However, respondents in their 20s — the most active crypto trading age...