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South Korean Parliament Tries to Push Through Crypto Tax Delay, Gov’t Fights Back
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The South Korean government is on a collision course with lawmakers on both sides of the National Assembly on the issue of crypto tax.
The matter has become a political hot potato – or perhaps more accurately, a political hot mess – in recent months.
The ruling Democratic Party has already U-turned on its hardline stance ahead of next year’s general elections. Its nominee for the presidency, Lee Jae-myung, has called for a delay of at least a year and has spoken in glowing terms about crypto in recent weeks, even hinting that he would seek to issue and distribute a government-created token if he were elected.
His main opposition rival has also voiced his support for a delay to the tax, which is due to launch on January 1, 2021. If unamended,
Read more on cryptonews.comAbout this in other media
Korean crypto investment firm Hashed reportedly under tax investigation cointelegraph.com /2 years ago
Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax cryptonews.com /2 years ago
‘Time Has Come to Embrace Crypto,’ Says South Korea Stock Exchange Chief cryptonews.com /2 years ago
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