Regulation· ★★★· bullish·

Korean lawmaker Min Byoung-dug calls for delaying crypto tax until 2027

  • —Min Byoung-dug: the crypto tax as structured would "kill the market"
  • —No system to obtain overseas exchange data means only domestic users would be taxed
  • —He seeks at least 5-year loss carry-forward and a digital asset framework law
  • —Proposes a phased delay roadmap of 6, 12 and 18 months
Why it matters: A delay would reduce the risk of Korean traders moving to offshore exchanges and help sustain local market volumes.
Source: Bloomingbit
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