South Korea's ruling party sees growing support for crypto tax delay
- —Park Min-kyu backs delaying the digital asset tax from January 2027
- —He cites the missing Digital Asset Basic Act and unclear cost-basis rules
- —Taxing before CARF launches would disadvantage local exchange users
- —Taxing only crypto after the financial investment income tax repeal is unfair
Why it matters: A delay would ease pressure on Korean exchanges and investors but slow the market's institutionalization.
Source: Blockmedia