South Korea Delays Plans to Tax Crypto to 2023

South Korean legislators delayed plans to tax virtual assets until 2023 at Thursday’s plenary session, CoinDesk Korea reported. The proposed tax would have levied a 20% tax on crypto gains made in a one-year period over KRW 2.5 million (US$2,122), starting Jan. 1, 2022. Lawmakers from both ruling and opposition parties are trying to appeal … Read moreSouth Korea Delays Plans to Tax Crypto to 2023

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors … Read moreFinance Committee Approves Legislation Delaying Crypto Tax in South Korea

Study: 8.3% of Polled South Africans Own NFTs, a Further 9.4% Plan to Buy

About 8.3% of polled South African internet users own NFTs while a further 9.4% said they plan to acquire such tokens in the future, a study has found. Twelfth-Highest NFT Adoption Rate According to the findings of the latest Finder online survey, about 8.3% of the 1,205 South African internet users surveyed own a non-fungible … Read moreStudy: 8.3% of Polled South Africans Own NFTs, a Further 9.4% Plan to Buy