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CryptoQuant CEO advocates delaying crypto taxation in South Korea

November 27, 2024, 12:37 PM
CryptoQuant CEO Ki Young Ju urged in X post delaying South Korea's cryptocurrency tax policy until 2027 when the international automatic information exchange system (CARF) becomes operational. He warned that premature taxation without proper tracking of overseas exchanges could lead to significant capital outflows, weakening domestic exchanges by 2025–2026. Ju highlighted U.S. efforts to retain Bitcoin through ETFs and custody services, calling for similar measures to prevent national capital loss.

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