South Korea to review readiness for crypto tax ahead of January 1 launch
- —First Vice Finance Minister Kwon Dae-young met industry representatives on October 20
- —The digital asset income tax takes effect on January 1
- —Exchanges want time to build and verify tax data reporting systems
- —Industry cites fairness gap from limited data on overseas exchange users
Why it matters: How Korea designs reporting and handles foreign exchanges will shape the tax burden on local crypto traders.
Source: Blockmedia