South Korea Plans to Tax Crypto, Enforcement will be Difficult

South Korea is one of the world’s most active nations for cryptocurrency investment and adoption. Although the nation accounts for only one percent of the world’s population, it accounts for approximately thirty percent of trading. This activity has prompted understandable concern from the government, which has placed significant restrictions on crypto activity. Now, South Korean authorities have announced plans for crypto taxation.
Incoming finance minister Hong Nam-ki announced the