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Korea weighs fourth delay of crypto tax
Korea's tax on cryptocurrency gains, scheduled to take effect in January, could face a fourth postponement as the government turns cautious amid mounting calls for a delay from investors, the industry and lawmakers, the Korea Times reports. The presidential office's stance favoring a delay signals a fourth deferral is likely, according to Hankyung. Separately, the Bank of Korea is pushing for monthly reporting of domestic virtual asset balances for users with overseas transfer histories, a plan that has sparked controversy, Business Korea reports.
