How investors turn to gold-pegged cryptocurrencies to avoid taxes

South Korean investors are snapping up gold-pegged stablecoins amid soaring precious metals prices, as part of a bid to avoid hefty tax bills. Crypto trading is not yet subject to any form of taxation in South Korea, unlike gold, which is subject to a 10% value-added tax on physical gold bars and jewelry, as well as trading platforms’ commission fees of around 5%. Those who choose to trade gold via the Korea Exchange, meanwhile, often have to pay 22% capital gains tax. Gold traders must pay over 15% inc ...