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13 May 2021

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds – Taxes Bitcoin News

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds – Taxes Bitcoin News


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Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows.

According to the poll, a little more than half of South Koreans support the taxing of profits from cryptocurrency trading, local media reported on Monday.

In numbers, 53.7 percent of the respondents back the authorities’ initiative to levy taxes on capital gains from deals with digital money, while 38.3 percent oppose it.

According to the data quoted by Yonhap, 60 percent of the female respondents agreed with the government’s move to impose tax on gains from crypto investments next year, while only around a third voiced their objection.

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