South Korea's Opposition Calls to Delay or Scrap Crypto Tax Starting in January
- —Opposition seeks review of the crypto tax due to take effect in January
- —Chung Jeom-sik: forced taxation may drive capital to Hong Kong and Singapore
- —Party also opposes the 'Future Response Fund' financed by budget surplus
Why it matters: A delay or repeal would ease pressure on Korean crypto investors and exchanges, though the ruling party holds the deciding vote.
Source: PANews