According to recent reports, the South Korea government is now imposing tax on cryptocurrency exchanges in the country. Tax is initially imposed at the corporate rate of 22% plus 10% local tax (24.2%) on the exchanges themselves for profits in 2017 in excess of KRW 20 billion. The government will also require exchanges to provide users' transaction date in order to impose individual income tax as well. The move follows recent raids of cryptocurrency exchanges in South Korea and the considerat…