South Korea’s Democratic Party has agreed to delay the imposition of a crypto tax by two years, despite previously opposing similar delays as politically motivated tactics by the ruling party.
This decision follows internal debates and pressures from various stakeholders in the crypto industry and general public, reflecting the complex political dynamics at play in South Korea’s approach to crypto taxation.
This move is likely to be welcomed by the crypto community, which has been advocating for regulatory clarity and more favorable crypto environment.
