The government's of South Korea ministry of strategy and finance has denies a recent news report,cited on the domestic media channel CHOSUN on June 22, a high ranking government's official is planning 10% capital gains tax on cryptocurrency profits.The government was preparing to slap a flat 10 percent tax on profits from cryptocurrency returns irrespective of the size of the investment.The income from cryptocurrency trading as "other income"the government did not view cryptocurrency as financial or investment products from the government report.
