South Korea crypto tax implementation is expected to launch soon. The government of South Korean is said to be working on implementing a 20% tax on all income from cryptocurrency. The process which was drawn by the Ministry of Economy and Finance will classify gains from cryptocurrency as other income such as lottery or prize-winning subjected to tax. According to an anonymous government source also, the development points to the government treating income from cryptocurrency trading as “other income”. The finance ministry is yet to finalize its direction but it surely has become more likely for the income from virtual
