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S Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them
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South Korea’s top financial regulator says that non-fungible tokens (NFTs) are not cryptoassets – and will likely exclude them from capital gains taxation.
The status of NFTs has recently fallen under scrutiny from MPs who have variously accused the government of being overly strict and lenient with its controversial crypto tax policies. A number of lawmakers have stated that it makes no sense that, for instance, bitcoin (BTC) investors will have to pay 20% capital gains tax on profits of USD
Read more on cryptonews.comAbout this in other media
ESG should face ‘greater attention’ from regulators, says securities watchdog fnlondon.com /2 years ago
South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit cryptonews.com /2 years ago
Russian Senate Finance Chief Says Crypto ‘Probably Has a Future’ cryptonews.com /2 years ago
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