Korean blockchain lobby calls for crypto tax plan to be put on ice

   2020-10-17 08:10



The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023.

The Korea Blockchain Association has called for the government’s new 20% crypto trading tax plan to be delayed for another two years.

According to an Oct. 14 report from News1 Korea, the Korea Blockchain Association, or KBA, is requesting regulators postpone the South Korean government’s implementation of its long awaited new tax strategy until Jan. 1, 2023.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin11,727 0.26 % 2.33 % 1.59 %
Ethereum378.78 0.11 % 0.85 % 2.19 %
Tether1.000 0.02 % 0.04 % 0.07 %
XRP0.2455 0.09 % 1.39 % 4.10 %
Bitcoin Cash249.16 0.15 % 0.54 % 3.86 %
Binance Coin30.07 0.66 % 0.58 % 1.98 %
Chainlink10.89 0.34 % 1.00 % 5.07 %
Polkadot3.980 0.45 % 1.87 % 7.87 %
Cardano0.1085 0.36 % 1.43 % 1.17 %
Litecoin48.00 0.01 % 1.66 % 5.21 %
Bitcoin SV159.70 0.31 % 0.18 % 6.16 %
USD Coin1.000 0.04 % 0.02 % 0.01 %
EOS2.580 0.12 % 1.42 % 2.61 %
Crypto.com Coin0.1097 0.44 % 7.98 % 29.04 %
Monero126.06 0.49 % 2.21 % 3.24 %
TRON0.02576 0.03 % 0.31 % 4.93 %
Stellar0.08569 1.05 % 6.13 % 10.45 %
Tezos2.190 0.14 % 0.60 % 6.78 %
Cosmos5.490 0.77 % 2.23 % 8.28 %
OKB4.590 0.59 % 1.54 % 25.11 %