South Korea agrees to another 2-year ‘crypto’ tax delay
A push to extend the grace period before a new digital asset taxation framework takes effect has received bipartisan support in South Korea.
South Korean lawmakers first agreed to a 20% tax on digital asset income in 2020, and it was scheduled to take effect in 2025. However, the issue became political, and since then, lawmakers have been using the pledge of a delay in implementation to drum up political support from the youth.
Two weeks ago, members of the opposition Democratic Party (DP) decided they had had enough and pledged to ensure the…
