South Korea2026.10.16Digital Asset

13 Democratic Party lawmakers and 1 Rebuilding Korea Party lawmaker join bill to delay crypto taxation by two years

• 14 lawmakers co-sponsored the bill: 13 from the Democratic Party (led by Rep. Park Min-gyu) and 1 from the Rebuilding Korea Party (Rep. Park Eun-jeong).
• The bill amends the Income Tax Act to delay the effective date of virtual/digital asset taxation from 2027 to two years after the CARF (Crypto-Asset Reporting Framework) takes effect.
• This is the first crypto tax-deferral bill introduced by Democratic Party lawmakers.