Korean Finance Minister vows to fight moves to delay the crypto tax code By Cointelegraph
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Korean Finance Minister vows to fight moves to delay the crypto tax codeSouth Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023.
A 20% tax will be imposed on crypto transaction income above 2.5 million KRW or approximately $2100 USD.
Democratic Party amendment
Long history
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