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Democratic Party Lawmaker Min Byoung-dug Says Taxing Crypto Now Would Kill Market, Urges Delay Until 2027

Democratic Party Lawmaker Min Byoung-dug Says Taxing Crypto Now Would Kill Market, Urges Delay Until 2027

  • Rep. Min Byoung-dug said digital-asset taxation scheduled to take effect next year should be delayed, warning that under the current structure, “this market dies.”
  • He said the lack of tax fairness between domestic and overseas exchanges, along with the inability to secure overseas trading data, could push investors to move to foreign platforms.
  • Min said South Korea needs a fair and transparent tax framework through a loss carryforward deduction, the Basic Digital Asset Act, and a phased tax-deferral bill.

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Photo: SamproTV screenshot

Min Byoung-dug, a lawmaker from South Korea’s Democratic Party, said digital-asset taxation scheduled to take effect next year…

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