South Korea2026.10.14Digital Asset

Rep. Min Byung-deok (Democratic Party): "Taxing crypto now will kill the domestic market"

• Rep. Min said that if digital asset taxation starts now, 'this market will die.'
• He noted that while domestic transaction data can be secured, overseas transaction data cannot currently be obtained.
• He warned that if taxation begins on January 1, 2027 without access to overseas trading data, it would put domestic exchanges/investors at a disadvantage.