EddieJayonCrypto
19 Feb 24
The People Power Party in South Korea has proposed postponing the taxation on crypto investment gains until 2027 as a general election pledge, aligning with their principle of 'taxation after selection fee.' The party aims to introduce a comprehensive regulatory framework before implementing taxatio...
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Summary:
The People Power Party in South Korea has proposed postponing the taxation on crypto investment gains until 2027 as a general election pledge, aligning with their principle of 'taxation after selection fee.' The party aims to introduce a comprehensive regulatory framework before implementing taxation and plans to include requirements for crypto custody providers and token listing guidelines in the new crypto regulations. South Korea's Financial Service Commission remains firm on its crypto-restrictive policies, despite the US Securities and Exchange Commission approving the launch of Spot Bitcoin exchange-traded funds.
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