South Korea’s new president delays crypto taxes in favor of consumer protections

South Korea’s new president delays crypto taxes in favor of consumer protections

South Korea’s crypto tax was initially set to come into effect for the 2022 fiscal year but was pushed back to 2023 last December.

E-daily reported that South Korea’s newly-elected president Yoon Suk-yeol will ensure the crypto tax law does not come into effect until reasonable legislation is in place to protect consumers, which could be by 2024.