National Tax Service lacks infrastructure and systems for crypto taxation
Coins are classified as 'other income' and are subject to a 22% tax rate, similar to lotteries, but the National Tax Service faces limitations in understanding individuals' real-time holdings and capital gains.
The effectiveness of the system is low as it relies on voluntary reporting for assets held overseas, and these realistic limitations are emerging as problems in crypto taxation.
It is argued that the establishment of a financial asset protection law to protect crypto investors must precede the introduction of taxation.

