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South Korea plans to implement cryptocurrency taxation

In 2025 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 postponed twice, now scheduled for January 1, 2025.

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