A brand new survey in South Korea has proven that 53.7% of respondents help the upcoming implementation of capital acquire taxes on earnings from crypto buying and selling, native outlet Yonhap News Agency reported at present.
Per the publication, the survey was carried out by public opinion-focused firm Realmeter on 500 Koreans aged 18 and older final Friday.
In accordance with the outcomes, 53.7% of respondents voiced their help for the federal government’s tax initiative whereas 38.3% have been towards it. Among the many survey takers, 60% of girls and 47.3% of males have been in favor of recent taxes, whereas 31% and 45.7%, respectively, rejected them.
By way of age, Koreans of their 20s have been the one group the place opponents of recent taxes barely outnumbered their supporters—by 47.8% to 47.5%. In the meantime, 60% of respondents of their 40s and 57.2% of their 50s stated they approve crypto taxes.
Crypto taxes are coming
As CryptoSlate reported, Korean officers proposed to implement a 20% tax on crypto gains earlier this yr, drawing the ire of some cryptocurrency traders. Nevertheless, it appears just like the initiative is being postponed—however not canceled—to at the least 2022.
Final week, Yang Hyang-ja, a member of the Nationwide Meeting of South Korea, and Democratic Celebration lawmakers reportedly stated they’re presently contemplating delaying the crypto taxes.
Korea’s ruling social gathering member suggests at the least one yr delay on taxation of cryptocurrency as she believes institutional adoption and understanding of cryptocurrency will take a while 🤔🤔https://t.co/H4aNP0beSh https://t.co/qoPTbyV5x4
— Doo (@DooWanNam) April 26, 2021
“Korea’s ruling social gathering member suggests at the least one yr delay on taxation of cryptocurrency as she believes institutional adoption and understanding of cryptocurrency will take a while,” tweeted Doo Wan Nam, head of MakerDAO in Asia.
On the similar time, some specialists have identified that “obsession” with cryptocurrencies and big positive factors is beginning to have a detrimental impact on younger Koreans, as much as the purpose the place it hurts their jobs.
For instance, compulsive crypto value monitoring might be a part of a wider drawback with “cryptocurrency dependancy” that’s much like playing, some psychology specialists noted final week.
Get an edge on the cryptoasset market
Entry extra crypto insights and context in each article as a paid member of CryptoSlate Edge.
Like what you see? Subscribe for updates.