2018-7-30 19:05 |
Although the government has considered tax rebates to blockchain firms, crypto exchanges have been exempted from the tax perks.
On Monday, the South Korean government proposed some changes to the existing law structure.
As per the new structure, crypto exchanges have not been considered eligible for significant tax benefits that are given to the small companies that are operating within the country’s startup ecosystem.
However, it has to be noted that the government could still consider passing the income tax benefits to the blockchain startups operating in the country.
However, after two major security breaches of crypto exchange Coinrail and Bithumb, the government consider it important and mandatory to regulate the crypto space as early as possible.
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