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South Korea's deputy prime Minister: New cryptocurrency tax to hit the road by 2022 20% capital gains tax looming

Hong Nam-ki, deputy Prime Minister and Finance Minister of the Republic of Korea, made it clear during questioning that the country's new income tax law will take effect as scheduled on January 1, 2022.

Investors in South Korea are subject to a 20 percent capital gains tax if they earn more than 2.

5 million won a year from cryptocurrency trading.

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