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The South Korean government is considering postponing the taxation of income from cryptocurrency investments from January 2025 to January 2028.
Initially, a 20% tax on digital assets was scheduled to take effect in January 2022, but it was postponed to January 2025 due to a strong negative reaction from the local crypto community.
As of the end of last year, approximately 6.5 million South Korean citizens, which is about 12.5% of the population, were actively using cryptocurrencies.
