South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme

Quick Summary:

Jin Sung-joon, Chairman of the Korean Democratic Party’s policy committee, has confirmed that crypto taxation will begin in January 2025.

Addressing concerns about technical and practical challenges during an interview on MBC Radio’s Attention View, he emphasized the government’s commitment to proceed without further delays.

"Virtual assets have little impact on the real economy,” said […]

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: IndiaSouth Korea

Topics: Market Cryptocurrency Market News Crypto Tax News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 10:15:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 135 words

Reading Time: 1 minutes read

Sentences: 42 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23777880

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Main Topics: Crypto

Official Website: coinedition.com

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Headquarters: India

News Last Updated: 8 hours ago

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