South Korea's FSC says digital asset basic law is near completion as crypto tax faces delay

• —The bill covers exchange licensing, stablecoin issuance rules and legal definitions of crypto assets
• —Two petitions with over 50,000 signatures each demand repeal or a two-year delay of the tax
• —Korea's tax service keeps the January 1, 2027 start date and is drafting its notice by October 30
• —Ruling party leader Kim Min-seok said a thorough final review of the tax is needed