[South Korean Government to Hear Taxation Opinions from Five Major Crypto Exchanges on October 20] The South Korean government will convene representatives from five major virtual asset exchanges—Upbit, Bithumb, Coinone, Digital X, and GOPAX—as well as executives from DAXA on October 20 to gather opinions regarding virtual asset taxation and related tax standards. The current proposal plans to impose a 22% income tax on virtual asset transfer and lending income after deducting a basic tax exemption amount of 2.5 million Korean won. Park Min-gyu, a member of South Korea's Democratic Party, has proposed an amendment to delay the implementation of virtual asset income tax until 2029. (Source: Yonhap News)