The South Korean government is giving the blockchain industry a tax break in a bid to help foster innovation in decentralized technologies. The Ministry of Strategy and Finance has announced that blockchain will be included in its amendments to 2018 tax law, which sees companies receive benefits for innovating with certain technologies, reports The News Asia. This means companies developing blockchain technologies will be able to deduct some of the tax from their research and development (R&D) spend. The amount of tax a business will be able to deduct depends on its size. Small corporations will be able to claim… This story continues at The Next Web

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