South Korea's ruling party asks government to hold off crypto tax rules
- —Finance committee chair Cho Seung-rae conveyed the request to hold the tax notice until the party decides
- —The government had planned to publish the draft notice by the end of October
- —The finance ministry and FSC will jointly draft a strategy to grow the digital asset market
- —The party also backs swift passage of a basic digital asset law
Why it matters: Seoul's decision will determine whether the crypto gains tax takes effect in January and whether local traders shift to offshore exchanges.
Source: Blockmedia