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82.9% of Korean crypto investors opposed the current plan or supported a further delay. However, 63.4% would accept taxation if the system were improved, showing greater concern about readiness than taxation itself.
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If the tax takes effect, 69.7% expect to reduce or stop investing, while 73.1% are likely to use Korean CEXs less. Trading volume at Korea’s three largest CEXs could fall 30.0%, from KRW 860 trillion to KRW 602 trillion.
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Lower trading volume could reduce the three CEXs’ combined revenue by 29.5%, from KRW 1.033 trillion to KRW 728.2 billion, weakening the broader domestic industry.
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Activity could shift to global CEXs, self-custody wallets, and DeFi. In 2025, CARF-excluded routes accounted for…







