China begins imposing 20% tax on crypto investors and miners

China begins imposing 20% tax on crypto investors and miners
Photo by Nuno Alberto / Unsplash

Some regional authorities in China have started to impose a 20% income tax on cryptocurrencies, reports journalist Colin Wu. The deductions are to be paid by:

  • miners;
  • Individuals who make profits from crypto-investments;
  • companies that conduct transactions with crypto-assets;
  • investors.