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South Korea Announced Taxation of Cryptocurrency Trading


December, 13 2017
watermark Economic news

On Wednesday, South Korea publicized on their government statement that the capital profits from bitcoin trading are to be taxed.

Moreover, a bill will be proposed to ban underage participation in creating accounts on the exchange of virtual coins and screen those eligible to manage an account, as mentioned in the statement.

They said that eligibility requires traders to divulge all bid and offer quotations and to follow protection rules for investors. In the country,  government bills have to be approved by the National Assembly.

Following the statement, they had a sudden policy meeting to further clarify policies on cryptocurrencies.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.