South Korea is planning to postpone the implementation of cryptocurrency-specific taxation until 2028, according to local reports. The ruling party is reportedly aiming to mitigate public dissatisfaction, given the widespread popularity of cryptocurrency investments, with over 6 million South Koreans invested in digital assets by the end of 2023. This move comes as a response to the recent downturn in cryptocurrency prices and trading volumes. Market insiders warn that immediate taxation could drive investors out of the market, further reducing trading volumes in national exchanges.
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