crypto bill

No Tax for Crypto Profits in South Korea

South Korea Government Confirms Crypto Profits as Non Taxable Assets

South Korea has confirmed that income tax can’t be levied on individual investor’s profits from crypto transactions under the current tax law. However, the government is reviewing international trends. And the approaches of major countries to crypto taxation to amend the existing Korean tax law to include cryptocurrency. Crypto Profits No More a Subject of […]

cryptocurrency act of 2020

Cryptocurrency Act of 2020 by US Lawmakers to Bring Regulatory Clarity

The Cryptocurrency Act of 2020 is a draft bill first brought in front of the House of Representatives by U.S. Congressman Paul Gosar (Republican Arizona). The proposed bill aims at bringing regulatory clarity to the cryptocurrency sector. According to the copy obtained by Forbes, the bill seeks to clarify which federal agencies should regulate cryptocurrencies […]