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RE: So It Begins: South Korea To Tax Cryptocurrency Exchanges With 24.4%
This is really a Good News! Now cryptocurrency trading is legal in South Korea as they are collecting taxes on it... Things will be stable very soon..
The exchanges will probably just raise the trading fees to offset the hit from these taxes. I guess the consumer gets the shaft in the end, as always!
Great point! We should push that as the story!
How much do a South Korean investor already has to pay in income taxes on crypto gains? I guess international users will also have to pay for that.