South Korea to introduce a 20% tax on crypto trading profits in 2023
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. Photo: Cointelegraph The South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading. Following a legislative notice lasting until Jan 21
South Korea Tax on Crypto Gains Delayed Until 2022
Photo: Bloomberg South Korea parliament has officially postponed a private members’ bill that will start taxing profits from cryptocurrencies until January 2022, according to local media reports. Rumors suggested last week the plan was to extend the implementation date by three months from the initi
Upbit Ramps Up Security with 24-Hour Withdrawal Delay
Photo: FM South Korean cryptocurrency exchange, Upbit is going to introduce a withdrawal delay system from Friday in an attempt to curb malicious activities. Announced today, the exchange is introducing a 24-hour delay on all digital asset withdrawal requests after deposits in Korean fiat. With this
South Korea Plans to Delay Crypto Income Tax Rule
Photo: Finance Magnates The planning and finance committee of South Korea’s national assembly reportedly suggested delaying the commencement of the cryptocurrency income tax rule to January 2022. South Korea originally planned to implement the mentioned rule by October 2021. According to a report pu
BREAKING: U.S. and South Korean Business Groups Urge Trade and 5G Cooperation Between Their Governments
WASHINGTON (Reuters) - U.S. and South Korean business groups on Wednesday called for the United States to eliminate President Donald Trump’s national security tariffs on steel, aluminum and other products, while promoting a global rules-based trading system and cooperating on 5G mobile and other tec
