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Korea weighs fourth delay of crypto tax
Korea's tax on cryptocurrency gains, set 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 Bank of Korea is separately pushing for monthly reporting of domestic virtual asset balances for users with a history of overseas virtual asset transfers, a plan that has sparked controversy, according to Business Korea. Korean investors and industry voices are pressing for the delay, with the government's low approval ratings adding to its caution, though no final decision has been reported.
