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Han Dong-hoon Says Crypto Tax Delay Needed or ‘Stock-Market Exodus’ Will Hit Coin Investors

Han Dong-hoon Says Crypto Tax Delay Needed or ‘Stock-Market Exodus’ Will Hit Coin Investors

  • Rep. Han Dong-hoon said the planned virtual asset tax should not be pushed through under its current design next year and that a delay is needed.
  • He said the current other-income tax framework cannot keep up with an evolving ecosystem that includes transfers between exchanges, cold-wallet storage, staking rewards and airdrops.
  • He said taxing only virtual assets after the financial investment income tax on stocks and bonds was abolished would raise fairness concerns, and that if the tax is enforced, a stock-market exodus in the coin market and a shift to overseas platforms and cold wallets could reduce the taxpayer base to zero.

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Photo: Lee Sol, Korea Economic Daily
Photo: Lee Sol, Korea Economic…

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