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PPP Says Delay, Repeal of Crypto Tax Is Party Policy as Terms, Systems Remain Unsettled

PPP Says Delay, Repeal of Crypto Tax Is Party Policy as Terms, Systems Remain Unsettled

  • The People Power Party said a fresh review is needed to determine whether the institutions and systems are fully prepared for a delay in virtual-asset taxation.
  • The ruling party said imposing virtual-asset taxes before the Digital Asset Basic Act is enacted would inevitably cause investor confusion and market contraction.
  • The People Power Party said virtual-asset taxation could discourage investment and trigger an overseas outflow of funds, making repeal the right approach in principle.

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Participants pose for a group photo at a Sept. 21 policy meeting at the National Assembly on improving the digital-asset tax system. Attendees included People Power Party floor leader Kweon Seong-dong, party policy chief Lim I-ja, Dunamu CEO Oh Kyung-seok and Bithumb CEO Lee Jae-won. Photo: Lee Joon-hyung
Participants pose for a group photo at a Sept. 21 policy meeting at the National Assembly on improving the digital-asset tax system. Attendees included People Power Party floor…

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