Experts from Korea Tax Policy Association propose step-by-step crypto taxation scheme

Cointelegraph quoted Business Korea today as saying that tax experts from the Korean Tax Policy Association suggested that the government implement a "two-step" plan on taxing cryptocurrency profits, that is, a lower level of transaction tax is imposed before Citizens levy transfer income tax. The Korean Blockchain Association agreed with the tax expert's proposal, adding that the association must clearly define the cost of acquiring cryptocurrencies before levying a transfer tax.