South Korea’s Crypto Community Mobilizes Against Proposed 22% Digital Asset Tax
South Korea’s cryptocurrency community has surpassed a 50,000-signature petition milestone opposing a proposed 22% digital asset tax scheduled for 2027. The campaign reflects significant opposition from Bitcoin investors, Ethereum users, DeFi participants, and blockchain entrepreneurs who argue the rate unfairly disadvantages cryptocurrency holdings compared to traditional investment categories facing substantially lower effective tax burdens.
Germany Proposes Major Cryptocurrency Tax Overhaul: End of 1-Year Holding Exemption
Germany’s finance ministry is signaling a major shift in cryptocurrency taxation policy, potentially eliminating the favorable 1-year holding exemption that currently allows investors to hold Bitcoin, Ethereum, and other digital assets tax-free. The EU is simultaneously exploring coordinated approaches to standardize cryptocurrency taxation across member states.
