UPDATE SOME INFORMATION ABOUT CRYPTO ACE TREND
South Korea is planning to implement a 22% tax on profits from cryptocurrencies, expected to take effect from January 2025. The Democratic Party of Korea has decided to apply this tax rate after several delays.
To ease the burden on retail investors, the tax exemption threshold will be raised from 2.5 million won (about 1,795 USD) to 50 million won (equivalent to 35,919 USD). This reflects the government’s interest in protecting and supporting smaller investors in this field.
The National Assembly's tax committee is expected to vote on the tax proposal on November 25. After that, the proposal will be reviewed by the entire National Assembly. This plan also includes measures to assist in tax calculation when the purchase costs are unclear, which will help facilitate stable and sustainable development in the cryptocurrency market.
* As you can see, this trend is forming a new turning point, a new era for the cryptocurrency market in the future...