Young Korean crypto investors press parliament to delay crypto tax by two years
- —The crypto tax is due to take effect in about two months, in January 2027
- —A petition backing a two-year delay passed 50,000 signatures and was referred to committee
- —The People Power Party and lawmaker Park Soo-young back scrapping the tax
- —The finance ministry and tax service face questions at a parliamentary audit on Oct. 22
Why it matters: A delay or repeal would ease pressure on Korean retail investors and exchanges but postpone expected budget revenue.
Source: Bloomingbit
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