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Korea’s Democrats Back a Crypto Tax Delay, Promise a Firm End Date They Haven’t Named

Headline from Unchained

Image: Unchained

Key points

  • South Korea's Democratic Party has voiced support for postponing the upcoming taxation on cryptocurrency gains.
  • Party leader Kim Min-seok stated that the country must first pass the Digital Asset Basic Act before implementing these taxes.
  • Furthermore, Kim promised that this delay will feature a definite deadline, though he did not specify when that date will be.

Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.

Sources

  • UnchainedKorea’s Democrats Back a Crypto Tax Delay, Promise a Firm End Date They Haven’t Named · 3 hours agoRead on Unchained

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