Source: International Business Times
The South Korean government has repeatedly postponed the measure since it was first scheduled to take effect in 2022, but officials now say they intend to move forward without another delay. Michael Förtsch/Unsplash South Korea is once again preparing to tax cryptocurrency profits, setting up another political battle over investor protection, overseas trading and the future of digital asset regulation. The proposal would impose a 20% national tax on annual crypto gains exceeding 2.
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