South Korea to discuss crypto tax with exchanges on Oct 19
- —Planned tax: 22% on annual crypto gains above 2.5 million won, local levy included
- —First Vice Finance Minister Kwon Dae-young to meet the DAXA exchange body
- —Opposition and some ruling party members seek repeal or a 2–3 year delay
- —Key debate moves to parliament's tax subcommittee in November
Why it matters: A delay or repeal would ease pressure on Korean traders, while the outcome will shape how one of Asia's largest crypto markets is regulated.
Source: Bloomingbit