
Korean lawmaker Park Soo-young calls to delay crypto tax until infrastructure is ready
- —South Korea's crypto tax is scheduled to start on January 1
- —Park says the government does not know the number of taxpayers or expected revenue
- —Differing CARF timelines in the US, Hong Kong and Singapore could concentrate the tax burden on Korean exchange users
- —Park warned one or two of the top five domestic exchanges could close
Why it matters: A delay would ease pressure on Korean exchanges and their users, while prolonged uncertainty could weigh on the local market.
Source: Bloomingbit
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