South Korea’s Ministry of Economy and Finance reportedly now allows Crypto miners to deduct electricity costs as business expenses.

South Korea has seen a rise in cryptocurrency mining activities as seen in the increase of mining hardware imports.

In spite of the criticism around crypto in South Korea, PC gaming rooms use their computers to mine cryptocurrencies.

South Korea’s 20% tax on crypto trading is applied only to gains above 2.5 million.

Author: mBRzeVZxHo

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