South Korea to delay new tax regime on cryptocurrencies until 2022

Cointelegraph

Published Dec 01, 2020 04:43AM ET

Updated Dec 01, 2020 06:20AM ET

The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022.

According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new cryptocurrency tax regime will come into effect in January 2022.

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