South Korea’s Ruling Party Leader Urges Delay in Crypto Taxation, Calls for Fair System

Quick Summary:

South Korea’s Ruling Party Leader Urges Delay in Crypto Taxation, Calls for Fair System The debate over cryptocurrency taxation in South Korea has intensified, with Han Dong-hoon, leader of the ruling People Power Party, calling for a reassessment of the country’s tax policies on virtual assets.

Lack of Infrastructure: Existing systems struggle to track, calculate, and enforce taxes on virtual assets effectively.

Impact on Young Investors: Critics argue that the tax disproportionately affects younger investors, who make up a significant portion of the crypto market.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaSouth Korea

Topics: Crypto News South Korea Crypto Taxation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 12:36:41 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23828702

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 18 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions