South Korea Plans To Implement Cryptocurrency Taxation In 2025

According to Odaily, South Korea's ruling party is moving forward with plans to implement a tax on cryptocurrency gains starting in early 2025, opting not to approve further delays. Initially, a 20% tax on cryptocurrency profits, with an additional 2% local tax, was set to take effect on January 1, 2022. However, due to strong opposition from investors and the industry, the implementation was... source: https://www.binance.com/en/square/post/16482930336098?utm_source=BinanceNewsRSS