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Unpacking South Korea's Cryptocurrency Taxation Debate The buzz around cryptocurrency in South Korea has hit a fever pitch, but it's not all about the latest altcoin or blockchain breakthrough—this time, the chatter is centered on tax Specifically, a stirring debate within South Korea's legislative halls could redefine the country's approach to cryptocurrency gains and their taxation Let's dive into the heart of this discussion, exploring the proposal that's got everyone from investors to government officials on the edge of their seats The Proposal at the Forefront At the crux of the matter is a significant proposal by the People Power Party, aiming to shift the introduction of taxes on cryptocurrency gains further into the future, from the originally planned 2025 to potentially as late as 2028 This proposed delay is not just a matter of legislative scheduling but speaks volumes about the current perspective on cryptocurrency within the country's economic and legislative ecosystem...

The Dawn of a New Era in Crypto Regulation: South Korea Leads the Way The digital currency realm is about to undergo a significant transformation in South Korea, thanks to the Financial Supervisory Service's (FSS) latest move Picture this: a world where cryptocurrency transactions are monitored around the clock, aiming to catch fraudulent activities before they can wreak havoc Sounds impressive, right Well, that's exactly what's happening in South Korea as they gear up to implement a real-time 24-hour surveillance system dedicated to making the crypto space a safer environment for everyone Breaking Ground with South Korea's First Comprehensive Crypto Law At the heart of this revolutionary initiative is the Virtual Asset User Protection Act, poised to make its debut on July 19...

After China and Korea crusades against the crypto industry, India also plans to follow suit. At the end of 2021, India announced a bill

Nexon America, a gaming company and subsidiary of South Korean gaming giant Nexon, announced that it has started accepting cryptocurrencies.