South Korea tax chief says crypto is hard to tax perfectly

South Korea’s National Tax Service Commissioner Lim Kwang-hyun said taxing virtual assets perfectly will be difficult, citing the asset class’s early stage and many practical limitations, Digital Asset reported. Speaking during a parliamentary audit of the National Tax Service at the government complex in Sejong on Oct. 13, Lim said the agency would still work to prevent disruptions within the current system, including through operational cooperation with exchanges, according to the report.