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South Korean legislators agree to delay taxation of cryptocurrency capital gains

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Recurring regulatory hurdles over the past year have had a deep impact on South Korea’s booming cryptocurrency industry. Many exchanges and businesses have had to shut shop in the country.

Another source of uncertainty had been the looming plan for taxation on cryptocurrency gains, which were set to take effect next year.As it turns out, crypto taxes might still be a long way off, as their imposition has been delayed to 2023.

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