Global #crypto tax

South Korea's plans to introduce a tax on cryptocurrency gains have encountered another delay, with the potential implementation date pushed back to as late as 2028. The government is set to announce the final decision and estimated date later this month.

South Korea's plans to tax cryptocurrency earnings have been postponed again, with the new target date set for January 2025. This marks the second delay for the policy, initially planned for implementation in January 2022.

The U.S. Department of the Treasury and the Internal Revenue Service (IRS​) have released the final regulations regarding tax reporting requirements for digital assets, such as cryptocurrencies.

The US Treasury Department has recently finalized a new set of tax rules for cryptocurrencies, aligning them more closely with existing tax reporting requirements for traditional financial instruments like stocks and bonds.

For cryptocurrency investors, tax season can be a daunting prospect. Tracking trades, calculating gains and losses, and generating reports can be a time-consuming nightmare.

Tax season just got a little easier for investors in tokenized real-world assets (RWA). Ledgible, a leading crypto tax platform, has announced the launch of tax reporting specifically designed for RWAs.