South Korean authorities look into leaked crypto tax bill situation

• South Korea has recently launched an investigation into the source of the leak information in regard to the government's new tax legal on cryptocurrency. 
• Details are revealed by social media users on the changes before it was made official this week. 

Authorities in South Korea have recently launched an investigation into the source of the leak information in regards to the government's new tax legal amendments on cryptocurrency. Details are revealed by social media users on the changes before it was made official this week. 

According to the Kyunghyang Shinmun, the first article featured leaked information that was released in a state-themed site and quickly spread across the crypto communities which was noted by other media outlets. 

Leading the search is the metropolitan investigation team of the Sejong district police who leaked the complete details of Seoul’s plans. This isn’t the first time that local police authorities have had to deal with the leaking of a crypto-related legal change.

Earlier this week on the 22nd of July, the tax development review committee held a meeting and published his revised tax code detailing the new rules. This is a bill that includes a proposal to set a tax of 20% on crypto traders earnings, especially if they are earning more than $2100 during a financial year.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!