News Snapshot:
The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022, according to Cointelegraph , which cited a Yonhap report . The planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws on December 1 wherein a new cryptocurrency tax regime will come into effect in January 2022. On November 25, the legislature suggested delaying the adoption of a cryptocurrency income tax rule until January 1, 2022 instead of October 2021. The decision will give local crypto businesses more time to adapt to new tax laws. The newly passed...
