South Korea Proposes Delaying 20% Crypto Tax on Bitcoin Profits Until 2028

South Korea’s ruling People Power Party has proposed a delay on the 20% tax on cryptocurrency trading profits until 2028. The proposal highlights concerns that immediate tax implementation could deter Korean investors from an already volatile crypto market. Critics have noted the proposed rules require taxes for gains exceeding 2.5 million won (~$1,800), contrasting sharply

Source: CoinOtag