{"id":133172,"date":"2024-07-16T09:00:37","date_gmt":"2024-07-16T06:00:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133172"},"modified":"2024-07-16T02:07:19","modified_gmt":"2024-07-15T23:07:19","slug":"south-korea-proposes-delaying-crypto-tax-amid-market-concerns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/south-korea-proposes-delaying-crypto-tax-amid-market-concerns\/","title":{"rendered":"South Korea Proposes Delaying Crypto Tax Amid Market Concerns"},"content":{"rendered":"<p>Originally set for January 2025, the <strong><a href=\"https:\/\/likms.assembly.go.kr\/bill\/billDetail.do?billId=PRC_B2A4Y0Y7G1H2F1E4E3C1D0L0M1K9I8\" target=\"_blank\" rel=\"nofollow\">delay<\/a><\/strong> is seen as necessary due to concerns that imposing taxes hastily could further discourage investment in virtual assets, which are considered riskier than traditional stocks.<\/p>\n<p>The move reflects President Yoon Suk-yeol\u2019s campaign promise to postpone the tax to ensure a clear regulatory framework is in place first.<\/p>\n<p>However, the Ministry of Economy and Finance has not finalized the decision, with new tax policy amendments expected by month-end.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/russian-parliament-to-decide-on-cryptocurrency-mining-bill-next-week\/\" title=\"Russian Parliament to Decide on Cryptocurrency Mining Bill Next Week\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/05\/miningbitcoinsada-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Russian Parliament to Decide on Cryptocurrency Mining Bill Next Week<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>South Korea has emerged as a global leader in crypto adoption, with its currency, the Won, dominating global crypto trades, totaling $456 billion in the first quarter of this year.<\/p>\n<p>The country has also been proactive in implementing regulations to protect crypto users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean lawmakers have proposed pushing back the implementation of cryptocurrency capital gains taxes until 2028, citing current negative market sentiments.<\/p>\n","protected":false},"author":3,"featured_media":39186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-133172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea Proposes Delaying Crypto Tax Amid Market Concerns<\/title>\n<meta name=\"description\" content=\"South Korean lawmakers have proposed pushing back the implementation of cryptocurrency capital gains taxes until 2028...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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