The South Korean Ministry of Finance clarifies the cost calculation method for PoS validation rewards.

[Coin World] On July 9, news came that the South Korean Ministry of Finance recently interpreted that the cost of acquiring encrypted assets obtained through participation in Blockchain verification (i.e., verification rewards) should be calculated based on the market price at the time of acquisition. On July 9, the Ministry of Finance stated in a response in the National Tax Law Information System that if domestic enterprises cooperate with foreign platforms to participate in verification and generate new encrypted assets and receive rewards, the value of these assets should be based on the market price at the time of acquisition. This kind of verification reward typically occurs in PoS networks, where users participate in block verification by staking encrypted assets and receive additional encrypted assets as a reward. The Ministry of Finance pointed out that the valuation of such assets should follow the relevant provisions of the Corporate Tax Law Implementation Decree, while also needing to be judged in conjunction with specific contract terms and the method of asset generation.