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South Korea to Meet Crypto Exchanges Over Potential Crypto Tax Delay
South Korea is preparing to meet with cryptocurrency exchanges to discuss a potential delay of a planned crypto tax. The tax was originally scheduled to take effect in January. It proposes a 22% levy on digital asset transactions and lending, exempting amounts below 2.5 million won. The policy has previously faced three delays due to unresolved issues involving staking, airdrops, and DeFi infrastructure. Any additional postponement requires approval from the National Assembly, where legislation proposing a delay until 2029 has been introduced.