Korea's deputy PM candidate insists on crypto tax from 2025
- —A petition to delay the crypto tax by 2 years gathered more than 50,000 signatures
- —A petition to repeal the tax also collected 50,000 signatures and awaits review
- —Taxation criteria are promised in a National Tax Service notice by the end of the year
- —The industry points to the lack of data on acquisition prices and loss carryforwards
Why it matters: Uncertainty over the rules and the lack of infrastructure could push trading and capital to overseas exchanges and DeFi.
Source: Blockmedia