South Korea’s ruling party proposes another delay to crypto tax

South Korea’s ruling party wants to defer crypto taxation, with coverage citing a wait for international tax-sharing rules and new legislation. One report says the party leader argued that the Digital Asset Basic Act should be enacted first.

• The ruling party wants to delay crypto tax by about two years, according to one report.· 1 source
• The report links the proposed delay to waiting for global tax-sharing rules and a new digital assets law.· 1 source
• A separate report says the party leader called for enacting the Digital Asset Basic Act before proceeding with crypto income tax.· 1 source