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18.02.2020

In South Korea, they are preparing to introduce a 20% tax on cryptocurrency income.

 

The authorities of South Korea are going to tax all revenues from cryptocurrencies 20%.

The Ministry of Economy and Finance of South Korea resorted to this since cryptocurrency has become a part of everyday life of citizens and according to statistics, every 10 citizens interact with this type of digital asset.

To control tax collections and the process of interaction between citizens and cryptocurrencies, the South Korean authorities intend to establish contact with all crypto exchanges.

However, the authorities are silent about such a situation as the tax will be monitored and levied if, for example, a citizen wants to buy cryptocurrency in Europe, that is, on European crypto exchanges, and not on local ones.

As we see, cryptocurrency is quite densely included in the everyday life of residents of almost every country in the world, and most likely 2020 will be the year of the introduction of world control over cryptocurrencies. At the moment, all of Europe is a leader in cryptocurrencies, but as we see from other news, the authorities of all the Starnes have seriously stepped up and intend to establish supervision over everyone, so we think it will soon become impossible to buy cryptocurrency in Europe.