Senior South Korean finance officials are set to meet major crypto exchanges including Upbit, Bithumb, Coinone, DigitalX, and Gopax on Tuesday as calls to postpone cryptocurrency taxation intensify. Democratic Party of Korea lawmaker Park Min-gyu introduced a bill seeking to delay the tax until January 1 of the second year after South Korea begins data sharing under the OECD’s Crypto-Asset Reporting Framework (CARF). This would push the taxation start date to 2029, compared to the current planned date of 2027, marking the fourth postponement. Exchanges cite unresolved standards for different transaction types and insufficient time to prepare infrastructure as reasons for supporting the delay.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
