- The Democratic Party said views were raised at its lawmakers’ general meeting that taxation on virtual assets (cryptocurrencies), scheduled to take effect in January next year, should be delayed.
- Democratic Party lawmaker Ahn Do-geol was said to have proposed enacting the Digital Asset Basic Act first and then implementing crypto taxation alongside it.
- Jeon Eun-su, the Democratic Party’s floor spokesperson, said the party would move quickly to decide whether to delay it, with roughly 60 days left before the tax is set to take effect.
Forecast Trend Report by Period
Calls emerged at a lawmakers’ general meeting of South Korea’s Democratic Party to delay taxation on virtual…
