South Korea2026.09.22Block Media

Cautious Voices on Digital Asset Taxation Emerge in Democratic Party Too — Rep. Min Byung-deok: "Basic Act First, Taxation After"

• Rep. Min Byung-deok (First Deputy Chair, Democratic Party Policy Committee) called for delaying digital asset taxation—currently scheduled to begin next year—until after the Digital Asset Basic Act is enacted.
• He affirmed support for the taxation principle itself but said fair taxation requires institutional infrastructure first: access to overseas exchange transaction data, loss carryforward deductions, and clear rules for determining acquisition cost.
• The remarks, posted on Facebook on September 22, signal growing caution within the ruling Democratic Party over the timeline for implementing crypto asset taxation.