South Korea to push 20% crypto tax in 2025 with higher exemption limit.

It seems Everyone wants to get in on this Bullrun action.😂

According to Odaily, South Korea's ruling party is moving forward with plans to implement a tax on cryptocurrency gains starting in early 2025.

Although this used to be a Tax free region, there was originally a 20% taxation plan (22% with local tax) on crypto gains which was scheduled to take effect on Jan. 1, 2022. 

However, The plan has been pushed back twice to Jan. 1, 2025, due to heavy backlash from investors and industry experts.