The taxation of cryptocurrency gains is a highly significant issue, and South Korea, a major crypto hub, is preparing to abolish the income tax on financial investments. The removal of income tax on financial investments directly concerns cryptocurrencies as well. The Deputy Minister of the Tax and Customs Office at South Korea’s Ministry of Economy and Finance, Jeong Jung-hoon, mentioned in a policy briefing earlier this week that the abolition of income tax on gains from cryptocurrencies could be considered as part of the National Assembly’s plan to remove income tax on financial investments.