South Korea's cryptocurrency tax policy postponed again!🇰🇷

According to ChainCatcher, South Korea plans to delay the implementation of the cryptocurrency profit tax by two years. The tax policy originally scheduled to take effect on January 1, 2025, is now facing a third postponement.💼

The left-wing Democratic Party of Korea and the ruling People Power Party have reached a consensus, proposing to delay the 20% tax on cryptocurrency profits exceeding 2.5 million won (approximately $1,784). This proposal will be voted on in a plenary session of the National Assembly.📊

It is noteworthy that the Democratic Party had previously suggested raising the tax-exempt threshold to 50 million won (approximately $35,714), demonstrating a flexible attitude towards the cryptocurrency market.🔄

Market participants need to closely monitor policy developments to adjust their investment strategies in a timely manner.📈