news

bitcoin

1 X bitcoin bitcoin =

Friday

23 October 2020

Korean blockchain lobby calls for crypto tax plan to be put on ice

Korean blockchain lobby calls for crypto tax plan to be put on ice


smart summary beta

Under the new tax plan, gains made from virtual currencies and intangible assets will be classified as taxable income, calculated annually.

Income from virtual assets below $2,000 per year falls below the minimum threshold and will not be taxed.

"The industry is in line with the principle to tax income from virtual assets and will actively cooperate," a representative for the KBA stated.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

cointelegraph.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2018