Read

Coin

<ul class="wp-block-list news-points">
 <li>South Korea’s DPK has proposed raising crypto tax exemption levels.</li>
 <li>The opposition party proposed raising the exemption to $35,900.</li>
 <li>Currently, the crypto tax exemptions stand at a mere $1,795.</li>
</ul>
In South Korea, a significant development is brewing as the opposition Democratic Party of Korea (DPK) proposes raising the crypto tax exemption to 50 million won (approximately $35,900). The move can help bring additional capital in the local digital asset market as sound regulations gradually take shape in the country.
According to a <a href="https://www.seoul.co.kr/" target="_blank" rel="noopener noreferrer nofollow">report</a> from local media outlet Seoul Shinmun, the National Assembly’s Strategy and Finance Committee will discuss the DPK’s proposal on November 26th to reach a decision. This follows the DPK’s recent disapproval of the government’s decision to delay the planned crypto taxation framework until 2027.
<a href="https://coinedition.com/south-koreas-crypto-tax-decision-postponed-uncertainty-looms/" rel="noopener noreferrer nofollow">Read also: South Korea’s Crypto Tax Decision Postponed, Uncertainty Looms</a>
The ruling People Power Party (PPP) recently stated that it is considering implementing crypto tax policies in 2027. The party wants to postpone taxing cryptocurrencies to allow the market to mature and give authorities time to establish a comprehensive regulat…
The post <a href="https://coinedition.com/south-korea-debates-raising-crypto-tax-exemption-to-35900/" rel="noopener noreferrer nofollow">South Korea Debates Raising Crypto Tax Exemption to $35,900</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Korea Debates Raising Crypto Tax Exemption to $35,900

Coin Edition

Other articles published on Nov 20, 2024

Shiba Inu whale holds 10% of SHIB supply, up 250,000x to $2.5B

SOL Global Investments Corp Purchases Solana Tokens

BlackRock’s Tokenized Fund BUIDL Now Available on Aptos, Arbitrum, and More Blockchains

Will Trump or Harris Propel BTC to New Heights?

Juicy: Avalanche’s OF Competitor with New Content Monetization

Binance Announces Delisting of Six Crypto Pairs: How Are Prices Reacting?

Join our free newsletter for daily crypto updates!