#韩国朝野暂定加密税推迟两年
Guys, South Korea’s two major parties have just tentatively agreed to push the crypto tax back another two years, from 2027 to 2029.
They’ve been talking about this tax for years, postponing it again and again. This time, the two parties have actually managed to agree. South Korean retail investors are among the world’s biggest crypto traders, so with the tax delayed, they don’t have to rush to move their money.
It’s good news, but don’t read too much into it. The committee has only tentatively agreed; there hasn’t been a formal vote yet. For now, it’s just a sentiment boost.
South Koreans’ favorite, XRP, hasn’t shown any love in return. It’s at 1.057u now, down again from 1.08 when I wrote about it the day before yesterday. The bearish outlook hasn’t changed. Don’t talk about a rebound unless it can get back above 1.16.
If South Korea really wants to push prices up, it’ll have to wait for Bitcoin to get back above 75,500 first. Only then will retail investors dare to jump in.
I’ll let you guys know when the formal vote results are out.
Guys, South Korea’s two major parties have just tentatively agreed to push the crypto tax back another two years, from 2027 to 2029.
They’ve been talking about this tax for years, postponing it again and again. This time, the two parties have actually managed to agree. South Korean retail investors are among the world’s biggest crypto traders, so with the tax delayed, they don’t have to rush to move their money.
It’s good news, but don’t read too much into it. The committee has only tentatively agreed; there hasn’t been a formal vote yet. For now, it’s just a sentiment boost.
South Koreans’ favorite, XRP, hasn’t shown any love in return. It’s at 1.057u now, down again from 1.08 when I wrote about it the day before yesterday. The bearish outlook hasn’t changed. Don’t talk about a rebound unless it can get back above 1.16.
If South Korea really wants to push prices up, it’ll have to wait for Bitcoin to get back above 75,500 first. Only then will retail investors dare to jump in.
I’ll let you guys know when the formal vote results are out.
