Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a little more than half of South Koreans support the taxing of profits from cryptocurrency trading, local media reported on Monday. In numbers, 53.7 percent of the respondents back the authorities’ initiative to levy taxes on capital gains....
Related News
Cryptocurrency investing has been rising in popularity among New Zealanders and a fifth of the respondents in a new survey either plan to or have already, put money into digital assets. The poll also found that young Kiwis are more likely to use micro-investing platforms than older generations. Over 20% of New Zealanders Plan to or Have Invested in Cryptocurrency Investing in cryptocurrencies and shares has been on the rise in New Zealand, with young people getting into digital investments faster than other age groups. According to a survey conducted for the Financial Services Council....
When it comes to learning people to code, efforts have to start at a very young age. As we humans grow older, we become less keen on learning new things. Especially coding is an odd creature in that regard, as it is one of the more difficult things to learn at a later age. Fisher Price has come up with a bright solution to stimulate young children in learning to code. Learning young children the benefits of coding and developing will go a long way in creating more IT-oriented adults in a few years from now. As our society evolves into a more digital state of mind, the need for IT....
As the use of crypto assets increases, different jurisdictions create laws to govern their applications and controls. Some rules are connected to various aspects, with regulations and taxation taking significant roles. In a global analysis, cryptocurrency taxation is getting the high side. This is because most governments want to reap from the trading and transfers […]
South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. New Crypto Investors Seem Unafraid of Strict Regulations According to the “Virtual Currency App Market Analysis” research made by big data firm IGA Works, quoted by Edaily, almost 60% of the newest crypto investors in the country are aged 20-30. Remarkably, such a segment of traders often prefers to allocate....
Data published by Consumer Affairs, provided by a recent survey, claims crypto is one of the most regretted financial decisions, especially for older generations. Often called “Boomers”, these groups of people feel remorse about investing in this nascent assets class, as the study claims. Related Reading | Top DeFi NFT Projects to Watch out for […]