South Korea Proposes Delaying Crypto Gains Taxation to 2028

Quick Summary:

The South Korean government has proposed delaying the plan to start crypto gains taxation until 2028, making it the third postponement since January 2022.  Due to a lack of clarity surrounding crypto gain taxation, there have been growing concerns among crypto investors in the country, which has even affected the prices of major cryptocurrencies.

The Ministry of Strategy and Finance has made it known that a decision is yet to be made regarding postponing cryptocurrency taxation.

The delay in the crypto tax is also being examined in the context of the overall taxes on financial investments in South Korea.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaSouth Korea

Topics: Delaying 2028 Crypto gains Proposes Latest News TAXATION News SOUTH KOREA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 10:06:16 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 21650152

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News Last Updated: 8 hours ago

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