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<ul class="wp-block-list news-points">
 <li>South Korea is set to discuss the potential implications of the crypto taxation bill in a meeting today.</li>
 <li>The bill, set to be implemented in January 2025, aims to levy tax on gains exceeding 50 million Korean won.</li>
 <li>Ruling party leader Han Dong-hoon pushes for a delay in implementing tax to address young investors’ demands.</li>
</ul>
South Korea’s National Assembly will discuss the crypto taxation bill today, November 25, at 14:00 KST, during a session of the tax subcommittee. Representatives from both ruling and opposition parties will review the bill’s potential implications.
The Democratic Party reintroduced the <a href="https://coinedition.com/south-korea-confirms-crypto-tax-in-2025-with-revised-20-scheme/" rel="noopener noreferrer nofollow">crypto taxation bill</a> last week, initially proposed in 2021. It aims to tax crypto investors with gains exceeding a specified threshold. The original threshold of 2.5 million won ($1,791) caused concerns, leading to revisions. The updated proposal raises the tax-free limit to 50 million won (approximately $35,919) and sets a 20% tax rate on gains beyond this amount.
<h2 class="wp-block-heading" id="h-conflicting-views-on-implementation">Conflicting Views on Implementation</h2>
Jin Sung-joon, Chairman of the Democratic Party’s policy committee, confirmed plans to implement the bill in January 2025, rejecting further delays. He…
The post <a href="https://coinedition.com/south-korea-debates-crypto-tax-bill-today-what-to-know/" rel="noopener noreferrer nofollow">South Korea Debates Crypto Tax Bill Today: What to Know</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Korea Debates Crypto Tax Bill Today: What to Know

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