According to CoinMeta, the South Korean President’s Office has decided to postpone the cryptocurrency income taxation policy that was originally scheduled to be implemented next January. An official from the President’s Office stated on the 25th that discussions tended to favor delaying the implementation of the cryptocurrency tax. Under the income tax law revised in 2020, annual earnings from the transfer and lending of virtual assets are subject to a tax rate of 22% after deducting a basic tax exemption of 2.5 million Korean won.