South Korea seeks 4th crypto tax delay, targets 2029 start
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South Korea to meet crypto exchanges amid calls for tax delay
Finance officials are reportedly set to meet major crypto exchanges on Tuesday, days after a lawmaker introduced legislation that could push the tax’s start date back two years.
South Korea lawmakers mull pushing crypto tax implementation to 2029
The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.
South Korea plans cybersecurity overhaul after attacks hit banks, crypto firms
South Korea is proposing tougher cybersecurity assessments after a review identified security deficiencies at 130 financial firms.
South Korea urges exchanges to boost cold storage after Binance hack
South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.
Organizations join forces to fight Illinois crypto tax, after 6-month pause
Illinois officials already agreed to delay implementation of a 0.2% tax on crypto assets, but industry-aligned organizations are pushing for summary judgment on the merits.
China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express
Despite ongoing bans, China has seen a big surge in peer-to-peer stablecoin use. New figures show South Korea’s $450B crypto economy is the largest in East Asia.