Seoul Mulls Taxation on Virtual Currency Transactions: Finance Minister

SEOUL, Jan. 25 (Korea Bizwire) – South Korea is considering imposing taxes on virtual currency transactions as part of its efforts to curb excessively speculative investment in cryptocurrencies, the country’s top economic policymaker said Thursday. “We are reviewing (taxation) because (cryptocurrency) is seen to be taxable,” Finance Minister Kim Dong-yeon told lawmakers. “We are looking at a variety of cases in other countries.”The finance minister also [...]