Get your crypto wallets hot or cold ready, that’s what Koreans are preparing for.
And on Wednesday Noh said that that fairness should be guaranteed in taxing, but the current virtual asset tax system has too many loopholes.
One of the loopholes he brought up involves the much anticipated NFTs of the K-pop mega group BTS.
Earlier this month, Korea’s Finance Minister, Hong Nam-Ki, said NFTs are not included in virtual asset taxes as they are not yet classified as virtual assets under the income tax law.
And they aren’t the only DeFi platform to suffer this year, by the way.