The ICON Foundation, the creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP. In …
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South Korean Government Will Levy Taxes On Bitcoin Capital Gains Starting 2022
According to South Korea’s amended income tax law, cryptocurrency investors will pay 20 percent tax on profits from digital currencies. As cryptocurrencies continue to pick up steam and encompass the …
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South Korea to finally set a hard date for the dawn of crypto taxation
South Korea will implement a 20% tax on Bitcoin (BTC) and cryptocurrency profits starting Jan. 1, 2022. The nation’s Ministry of Economy and Finance announced that profits made from both …
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Korea’s central bank publishes book on central bank digital currency’s legal issues
South Korea’s central bank has issued a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital …
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