00:03Korea's crypto tax is due in January 28 of 30 surveyed executives and experts back a pause
00:10and most expect money to flee local exchanges it's Monday October 19th let's break down what's
00:17happening in Korea's financial sector the tax was first planned for 2022 and has been delayed
00:23three times sole economic daily surveyed 30 crypto executives and academics government officials
00:30meet the heads of the five biggest exchanges on Tuesday here's what the numbers show 93.4% of
00:37respondents 28 people favored delaying the tax 96.4% of them want it pushed to 2029 or later when
00:46the US joins a global crypto reporting framework 83.4% expect trading at local exchanges to
00:53drop 10% or more separately gold banking holdings at three big banks rose to 9,184 kilograms from
01:029,082 at end July so what does this mean for fintech analysts earlier we said most expect money to
01:10flee
01:10local exchanges here's what that actually means for you only two of 30 trust the tax agency to track
01:17offshore trades making capital flight the key risk watch Tuesday's meeting with the five biggest
01:23exchanges watch whether the tax-free allowance is raised and watch whether the January start holds
01:29that's today's AI prism finance daily this episode was produced with AI assistance based on sole economic
01:36daily reporting and reviewed by a human editor AI prism is a won ifra award-winning series we'll be back
01:44tomorrow
