South Korea has delayed the implementation of its crypto tax policy by two years, citing the need for further institutional refinement.
Park Chan-dae, the floor leader of the Democratic Party of Korea, announced this decision during a press conference at the National Assembly.
The postponement follows extensive discussions, with Park emphasizing the need for an overhaul in the regulation of virtual assets. The delay comes amidst heightened political tensions and market volatility.
Postponement of Virtual Asset Taxation
The Democratic Party of Korea confirmed that the virtual asset tax, previously scheduled for implementation, would now be deferred. The party justified the decision by stating that the current regulatory framework required additional improvements to ensure systematic taxation.
This announcement coincided with debates over several supplementary budget bills. Of the 13 bills proposed by the government, eight were marked for immediate processing during the upcoming plenary session, while five others remained under further deliberation. Notably, the inheritance and gift tax bill faced rejection, with criticism focusing on its provision to lower the top inheritance tax rate.
The party also maintained its opposition to the government’s separate taxation of dividend income. Park described it as disproportionately favoring the wealthy. Discussions between ruling and opposition parties are expected to continue, with the National Assembly Speaker facilitating potential last-minute negotiations.
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🖥 Crypto hackers stole over $70 million in November, according to a report by Immunefi. The total for 2024 is almost $1.5 billion.
☀️While hackers can be very sophisticated, many attacks are actually extremely simple and easy to avoid. Keep the majority of your crypto in cold storage, and don’t download software, click links or visit sites you don’t trust. Be careful about people who contact you via DM, and always verify their identity.
🦺Stay safe out there! Fortunately, it’s not as hard as it seems.
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This was a reason I always recommend spot and low leverage trading, and manage your risk because of high volatility. I feel the pain, but if you're expecting to get rich quick this game is not for you, tough words but I have to say them. Now dont get shaken out by this.
Now, dominance being rejected at horizontal line, funding almost reset and most altcoins forming their lower highs which could make the next leg up the only logical outcome
$BTC $ETH $SOL
Memecoins like Dogecoin , Shiba Inu and Dogwifhat were among the worst-performing cryptocurrencies on Dec. 10, wiping out a significant part of the gains made during the Donald Trump-fueled rally a few weeks ago.
Dogecoin, the largest memecoin by market capitalization, led the losses, dropping 5.6% over the last 24 hours. DOGE’s rival SHIB was down as well, recording 10.4% daily losses, while Ethereum-based Pepe was the only top-cap memecoin posting gains, up 1.7%.
#ME /USDT Set to Launch on Binance – Big Opportunity for Traders...
The highly anticipated #ME /USDT trading pair is set to debut on Binance in just over an hour, and all eyes are on this new project with an estimated price range of $0.6 to $1. As a fresh listing, this NFT-based project is expected to draw significant attention from traders and investors, with potential for strong volatility and liquidity in the opening hours. Early entries could capture explosive moves as the market reacts to this launch. For those looking to capitalize on new opportunities, this listing offers a prime chance to engage with a project that may gain traction rapidly. Stay alert for the initial price action and volume spikes, and manage your trades carefully as ME/USDT enters the spotlight.
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CRITICAL ALERT: $MOVE /USDT AT A PIVOTAL LEVEL – NEXT MOVE IMMINENT! 🚨
$MOVE /USDT is trading at $0.7826, holding near a key support zone after a sharp pullback from its recent highs. The market is at a critical decision point, and the next movement could determine the trend for the coming sessions.
💡 Key Levels to Watch 💡
• Resistance: $0.90 – A breakout above this level could signal renewed bullish momentum, potentially driving the price toward $1.10 and beyond.
• Support: $0.75 – A break below this key level might lead to a further drop, testing $0.65 as the next downside target.
📉 Bearish Scenario: If MOVE/USDT fails to hold this support, selling pressure could accelerate, dragging the price lower and shaking out weak hands.
🚀 Bullish Scenario: On the other hand, if bulls regain strength and push above resistance, the price may recover rapidly, bringing fresh momentum to the market.
Decision Point: Stay alert as MOVE/USDT is primed for a significant breakout or breakdown. Traders should watch these levels closely and adjust strategies accordingly. Volatility is expected, so manage your risk carefully.
{spot}(MOVEUSDT)
#MOVEOpening #BuyTheDipOrWait #MarketCorrection #BinanceListMagic Eden(ME) #AltSeasonBoom?