The ruling Democratic Party of Korea (DPK) joined opposition lawmakers and industry groups Monday in calling for a delay on cryptocurrency taxation, adding momentum to growing demand to postpone the planned January rollout.

The tax is scheduled to take effect on Jan. 1, 2027, but concerns over the readiness of the tax system have grown as the deadline approaches.

Rep. Min Byung-duk, a senior member of the DPK’s policy committee, said that taxation should be pushed back until after the passage of the Digital Asset Basic Act.

“It’s not right to start taxation when the basic law has yet to be established. We need a solid foundation to…