South Korea’s taxation ministry is planning to introduce taxes on cryptocurrency and include them in the tax plan. The issue is to be solved in June this year.
The world’s economic leaders agreed to monitor the industry and to develop regulation proposals but no serious actions will be taken in the near future.
Bitcoin and other cryptocurrencies show recovery after positive comments from the Financial Stability Board. Today’s discussion of the G20 ministers will put more light on the state of crypto regulations.
In the run-up-to G20 summit, the news about the FSB’s positive approach to cryptocurrencies has resulted in an optimistic upturn in the market.