South Korea’s Financial Services Commission told the National Assembly ahead of a July 29 policy briefing that it plans to prepare a consolidated Digital Asset Basic Act with the ruling Democratic Party.Â
Summary
- 10 pending digital asset bills could be folded into a government-ruling party proposal this year.
- 22% crypto tax remains scheduled for January 2027 despite the opposition’s repeal bill and petition.
- 2.5 million won annual exemption would apply before South Korea taxes qualifying digital asset income.
The proposed framework would cover stablecoins, exchanges, disclosures, internal controls and system resilience.
Separately, the National Assembly’s…
