Korean Finance Minister vows to fight moves to delay the crypto tax code By Cointelegraph

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Korean Finance Minister vows to fight moves to delay the crypto tax code

South Korean Minister of Strategy and Finance Hong Nam-ki has vowed that the controversial crypto tax code will come into effect on Jan. 1, 2022, despite moves this week by the majority Democratic Party to postpone it to 2023.

The tax code will levy a 20% tax on income generated by crypto transactions in excess of 2.5 million Korean won, or about $2,100.

Democratic Party amendment

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