South Korea’s Ruling Party Proposes to Delay Crypto Taxes by Three Years

Quick Summary:

South Korea’s right-wing People Power Party is pushing to delay taxes on crypto gains for an additional three years.

"Given the declining investor sentiment towards virtual assets, which are high-risk and more likely to incur losses than stocks, it is widely accepted that hasty taxation could drive most investors away.

In July 2022, the government delayed the tax plan by another two years.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaAustraliaHong KongSouth Korea

Topics: Ruling Party Crypto Taxes Three Years SOUTH KOREA Latest News Proposes News Delay

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 06:23:06 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 21647817

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 32 posts per day

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News Last Updated: 12 hours ago

Coverage Areas: India

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