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[WDAF 2026] Lawmakers call for clearer crypto rules, tax reforms

[WDAF 2026] Lawmakers call for clearer crypto rules, tax reforms

Min Byoung-dug envisions Korea as Asian digital finance hub, while Park Soo-young calls for clearer crypto tax rules

Rep. Min Byoung-dug of the Democratic Party gives an opening speech during the World Digital Assets Forum 2026 held in Seoul on Monday. (Lee Sang-sub/ The Korea Herald)
Rep. Min Byoung-dug of the Democratic Party gives an opening speech during the World Digital Assets Forum 2026 held in Seoul on Monday. (Lee Sang-sub/ The Korea Herald)

South Korea needs clearer rules for companies looking to expand their digital asset businesses, and for investors facing a tax on crypto gains, lawmakers said Monday at the World Digital Assets Forum in Seoul.

Rep. Min Byoung-dug of the Democratic Party of Korea said the Digital Asset Basic Act he proposed would give financial institutions and digital asset firms a base in Korea from which to expand across Asia. Gaps in Korean law already…

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