Odaily Planet Daily News: South Korea's ruling party intends to move forward with plans to tax cryptocurrency gains from early 2025, rather than approving a further delay, Seoul News reported on Wednesday. Initially, a 20% tax on cryptocurrency gains (22% as local tax) was scheduled to take effect on January 1, 2022. Due to strong opposition from investors and the industry, the plan has been postponed twice to January 1, 2025. However, the party is revising the plan to increase the tax-free limit for cryptocurrency gains below 2.5 million won (1,795 U.S. dollars) to 50 million won (35,919 U.S. dollars).