South Korea to Implement Crypto Taxation in January 2025

South Korea to Implement Crypto Taxation in January 2025

South Korea has confirmed the implementation of a 20% tax on cryptocurrency gains exceeding 50 million won ($35,919), set to begin in January 2025. The updated tax framework, announced by Jin Sung-joon, chairman of the Democratic Party’s policy committee, seeks to balance legal stability and fiscal equity while addressing concerns from smaller investors. Revised Tax Plan Aligns with Stock Market Policies The newly revised tax plan replaces...

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