South Korea’s Opposition Pushes for Higher Crypto Tax Exemption Limit

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South Korea’s Opposition Pushes for Higher Crypto Tax Exemption Limit In a move to address the growing concerns of cryptocurrency investors, South Korea’s opposition Democratic Party of Korea (DPK) is proposing an increase in the crypto tax exemption limit to 50 million won ($35,900).

This represents a significant leap from the current limit of 2.

The increased limit is seen as a compromise to encourage continued participation in the digital asset market without entirely scrapping the planned tax framework.1.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaSouth Korea

Topics: South Korea Crypto Tax Exemption Limit Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 11:26:42 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23719294

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Official Website: bitcoinworld.co.in

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News Last Updated: 8 hours ago

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