South Korea's Proposed 22% Crypto Tax Causes Trading Volume to Slump
Trading volumes in South Korea’s cryptocurrency market have seen a significant decline following the government's proposal to implement a 22% capital gains tax on digital assets. Investors are showing caution as the regulatory landscape shifts, leading to reduced liquidity across major local exchanges. The tax, which has been delayed multiple times, continues to create uncertainty among retail traders who dominate the South Korean market. This trend reflects growing concerns over the impact of strict fiscal policies on the broader digital asset ecosystem.
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