Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

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 from deals with digital money, while 38.3 percent oppose it.

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However, young people in the country, or the most active cryptocurrency users, are more likely to disagree. 47.8 percent of the respondents aged between 20 and 29 stated that they were against the planned tax, outnumbering those that are in favor, 47.5 percent.

The largest share of supporters is among citizens in their 40s (62.1 percent),

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