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South korea shifts crypto tax policy to boost investment

Crypto tax delay to 2027: South Korea has postponed the 20% tax on cryptocurrency income until January 2027 due to investor backlash. This tax, which affects earnings over 2.5 million won or 1,750 USD annually, was initially planned for 2025, causing significant opposition.

Investment stimulation: The National Assembly has abolished the Financial Investment Income Tax, which included taxes of up to 25% on annual earnings above 50 million won. This move intends to boost market activity and attract domestic investors by reducing financial burdens.

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