Express

S Korean Industry Group Asks Seoul To Suspend Crypto Taxes Until 2023

Tracy CHEN

Summary: The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing a tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time.Per ZDNet Korea, the KBA, which represents exchanges and other blockchain-related firms, suggested pushing ...

The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing a tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time.
Per ZDNet Korea, the KBA, which represents exchanges and other blockchain-related firms, suggested pushing back the tax plans until January 2023 – when a new set of capital gains tax rules pertaining to stocks and securities transfers comes into force.

Tracy Chen