Survey shows South Koreans support crypto tax law
More than half of the survey respondents favored the controversial crypto tax law in South Korea. An opinion poll conducted by South Korean television station YTN has shown significant support for the planned cryptocurrency tax regime in the country.According to a report by The Korea Herald, 53.7% of the 500 participants polled by South Korea survey firm Realmeter expressed support for the crypto tax law coming into effect in January 2022.However, respondents in their 20s — the most active crypto trading age demographic in South Korea — were most likely to oppose the cryptocurrency tax....
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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....
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....
Given the growing interest in crypto adoption as a legal tender, it’s not shocking that many participants will wish to legalize bitcoin. The level of support for crypto was evident in a new survey conducted by The Economist. This survey aimed to know the number of people who want their governments to legalize crypto. The number of respondents was 3,000, and the result showed that 37% want a legalized bitcoin and other cryptos for transactions. Another aspect of the survey looked at the support for CBDC. The result also showed 37% support for governments to issue the financial....
South Korea is known to host significant crypto trading activity. South Koreans were among the major players during the 2017 crypto boom. The country accounts for less than 1% of the world’s population. But they were behind 30% of the crypto trading volume that year. This was according to estimates by fintech company Cindicator at […]
The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated in the survey. South African Ownership Rate Below Global Average According to the findings of the latest Finder survey, out of the 2,003 South African internet users that were surveyed, 11.3% said they own cryptocurrency. This cryptocurrency ownership rate is said to be marginally higher than that of the United States (10.5%) and Sweden (9.8%).....