South Korea to meet crypto exchanges amid calls for tax delay

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South Korea is set to meet with cryptocurrency exchanges to discuss a potential delay of the digital asset tax. Originally scheduled for January, this tax imposes a 22% levy on digital asset transactions and lending, with an exemption for amounts below 2.5 million won. The bill has already been delayed three times due to unresolved issues regarding staking, airdrops, and DeFi infrastructure. Any further delay would require National Assembly approval, where legislation proposing a postponement to 2029 has already been introduced.

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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
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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