The cryptocurrency tax in South Korea is postponed again!
The Democratic Party of South Korea has decided to give crypto enthusiasts another two years of respite ⏳. The plan to introduce a 20% tax on income from cryptocurrencies, which has already been postponed since 2021, has been postponed again. The new target is 2027!
Why is this happening?
⚙️ There is a need to refine regulatory mechanisms to make the tax system transparent and fair.
🤔 Additionally, this is a good way to maintain the support of crypto investors before the elections!
South Korea is one of the leading countries in crypto innovations 🌏, and such steps may be aimed at maintaining competitiveness.
What do you think, is such a delay necessary or would it be better to act right now? Share your opinion!