Young Crypto Investors to Hold National Assembly Press Conference, Urge 2-Year Delay to Virtual-Asset Tax
- Young investors said they will hold a press conference at the National Assembly calling for a two-year delay, arguing that preparations for the virtual-asset tax regime set to take effect in January are insufficient.
- Investors said the launch should be postponed to January 2029, citing problems with detailed tax standards, exchanges’ tax-related systems, the absence of a loss carryforward system, and limits on securing information from overseas exchanges.
- The People Power Party and Rep. Park Soo-young said they are concerned that issues including the fairness of virtual-asset taxation, uncertainty over taxable assets and expected tax revenue, and incomplete tax systems at South Korea’s five major exchanges could hurt the domestic…
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