South Korean Lawmaker Urges Delay of 2027 Bitcoin Tax Until Basic Act Passes
- —South Korea's digital asset tax is scheduled to take effect on January 1, 2027
- —Min Byeong-deok of the Democratic Party proposed delaying it until a basic act passes
- —The proposal was made in a Facebook post on Monday
Why it matters: A delay would ease pressure on South Korean crypto investors and postpone expected tax revenue for the government.
Source: Coinotag