South Korea Mulls Imposing Taxes on Cryptocurrency ICO12.79

The South Korean government reportedly has plans to tax cryptocurrency and ICOs, despite the lack of a regulatory framework.

According to The Korea Times, Hong Nam-Ki, Finance Minister nominee, revealed that the South Korean government is planning to tax cryptocurrency and initial coin offerings (ICO). Nam-Ki submitted his written answer before the South Korean National Assembly in response to a question based on taxation of digital currency.

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