South Korea's parliament to debate digital asset law, won stablecoins and crypto tax in November
- —The digital asset framework bill is targeted for passage this year
- —Won stablecoin issuers may need banks to hold at least 50% plus one share
- —A 22% tax on annual crypto gains above 2.5 million won is due in January
- —Lawmakers have proposed delaying the tax to 2029, citing the CARF timeline
Why it matters: November's decisions will determine whether won-denominated stablecoins get a legal issuance path and when Korean crypto investors start paying tax.
Source: Bloomingbit
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