South Korea has confirmed its plans to implement a comprehensive cryptocurrency taxation framework starting in 2025.
The new tax rules will impose a 20% capital gains tax on crypto profits exceeding 2.5 million won (approximately $2,100 USD) per year.
In addition, South Korea’s government is also looking to introduce stricter anti-money laundering (AML) regulations for crypto exchanges and custodians.
These measures are part of the country’s broader efforts to regulate the rapidly growing crypto market while protecting investors and ensuring compliance with international financial standards. The move has sparked debate within the crypto community, with some welcoming the clarity provided by the new regulations, while others argue that it could stifle innovation and investment.
