Five major South Korean cryptocurrency exchanges are expected to discuss tax preparations with officials as questions remain over reporting requirements and taxable transactions.
South Korea is facing renewed calls to delay its planned 22% cryptocurrency income tax, as government officials prepare to meet representatives of five major exchanges on 20 October. According to Yonhap News Agency, the meeting will involve Upbit, Bithumb, Coinone, DigitalX and Gopax, alongside the Digital Asset Exchange Alliance (DAXA), amid concerns over unresolved reporting requirements ahead of the scheduled implementation on 1 January 2027.
The debate gained momentum after Democratic Party lawmaker Park Min-gyu Source link
