South Korea Confirms Crypto Tax Proceeds as Planned
- Tax Implementation Date: South Korea's Ministry of Economy and Finance has confirmed that the virtual asset tax will be implemented on January 1, 2026, excluding any deferral in the upcoming July tax law amendment, thereby ending speculation that has persisted since 2022 and ensuring policy stability.
- Tax Rate and Standards: Under the current proposal, virtual asset gains exceeding 2.5 million won (approximately $1,800) will be taxed at a rate of 20%, aligning crypto gains with other financial income and closing the regulatory gap that has existed since the rise of digital assets.
- Coordination with Exchanges: The government is coordinating with South Korea's five major virtual asset exchanges, such as Upbit and Bithumb, to ensure that the technical details of the tax are properly handled, aiming to enhance data accuracy and compliance from the outset of the taxation framework.
- Market Implications: The confirmation of this tax policy holds significant implications for South Korean crypto investors and may influence how other major economies approach crypto taxation, as South Korea's status as one of the most active crypto trading markets globally provides a reference point for international policy.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0263 | 0.0428 | 0.0569 | 0.0735 | 0.0876 | 0.104 | 0.118 |
| Fibonacci | 0.0428 | 0.0545 | 0.0617 | 0.0735 | 0.0852 | 0.0924 | 0.104 |
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