On July 9, CoinWorld reported that the South Korean Ministry of Finance recently interpreted that the cost of acquiring cryptocurrencies obtained through participation in blockchain validation (i.e., validation rewards) should be calculated based on the market price at the time of acquisition. On July 9, the Ministry stated in a response in the National Tax Law Information System that if domestic companies cooperate with foreign platforms to participate in validation and generate new cryptocurrencies while receiving rewards, the value of these assets should be based on the market price at the time of acquisition.

This type of validation reward typically occurs in PoS networks, where users participate in block validation by staking cryptocurrencies, earning additional cryptocurrencies as a reward. The Ministry pointed out that the valuation of such assets should follow the relevant provisions of the Corporate Tax Law Enforcement Ordinance, and should also be assessed in conjunction with specific contract terms and the method of asset generation.