Mixed messages on crypto tax rules create confusion in South Korea By Cointelegraph

South Korean authorities officers have created confusion this 12 months with conflicting bulletins concerning a attainable repeal or modification of the upcoming crypto tax set to return into impact in 2022.

Throughout 2021, debates elevated in depth in the National Assembly, South Korea’s legislature, about whether or not, or how, to amend the crypto tax. If unchanged, the tax will levy a 20% tax on revenue generated by crypto transactions in extra of two.5 million Korean gained, or about $2,100.