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#cryptocurrency tax

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South Korea to Meet Crypto Exchanges Amid Growing Calls for Tax Delay
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South Korea to Meet Crypto Exchanges Amid Growing Calls for Tax Delay

Key Highlights: Senior South Korean finance and regulatory officials will convene with major domestic cryptocurrency exchanges on Tuesday to consult on crypto taxation. Representatives from leading exchanges including Upbit, Bithumb, Coinone, DigitalX, and Gopax, alongside executives from the Digital Asset Exchange Alliance (DAXA), are attending the meeting. The high-level discussions occur amid intensifying calls to ...

Illinois Backs Delay to Crypto Tax Rule Following Industry Pushback
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Illinois Backs Delay to Crypto Tax Rule Following Industry Pushback

Key Highlights: Illinois and industry challengers have submitted a joint filing seeking to delay collection of the state’s 0.2% Digital Asset Tax by six months, though the court had not confirmed entry of the order as of Oct. 4. The underlying statute remains in force without concessions of unconstitutionality, but the proposed pause would defer ...