South Korean Lawmaker Calls for Scrapping Virtual Asset Tax, Warns of Capital Flight - CryptoRank
South Korean Lawmaker Calls for Scrapping Virtual Asset Tax, Warns of Capital Flight - CryptoRank
Source: CryptoRank
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DW NOTE
South Korea has taxed crypto gains since 2021, deferring enforcement three times. The lawmaker sees flight risk. The pattern holds: announce the tax, delay it, then announce it again. Meanwhile, Singapore and Dubai keep their doors open and their forms short.