South Korea weighs fourth delay on its crypto gains tax, pushing it to 2029
Summary
South Korean authorities are considering delaying the implementation of a tax on cryptocurrency profits for a fourth time, potentially postponing it to 2029. This potential delay stems from concerns that domestic exchange users would face an unfair tax burden because the United States will not share trading data until that year.
Officials are concerned users of domestic exchanges would bear the tax burden because the U.S. won’t share crypto trading data until 2029.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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