USDC

$BLESS $BANK $BICO 🚨 REGULATORY UPDATE: South Korea Signals No More Crypto Tax Delays 🇰🇷 South Korea’s Ministry of Economy and Finance has released its latest tax reform plan, notably omitting any further delay to the long-debated virtual asset gains tax. Key breakdown for traders: Implementation Date: Set to take effect January 1, 2027. Tax Rate: 22% combined (20% national income tax + 2% local income tax). Exemption Limit: Applies to annual gains exceeding 2.5 million KRW (~$1,800). Classification: Categorized as "Other Income" (separate from general stock market taxation). Loss Carryforward: Not allowed—losses from prior years cannot offset current profits. While the proposal still requires final National Assembly approval, excluding a postponement extension signals strong government intent to begin taxation after years of deferrals. #SouthKoreaTaxPlanOmitsCryptoTaxDelay