South Korea
Digital Asset
Democratic Party to Discuss Deferring Crypto Taxation at Party-Government Consultation on the 28th
- Virtual asset (digital asset) taxation is currently scheduled to take effect in January of next year.
- At the Democratic Party's general party meeting, some lawmakers argued the tax should be deferred, though floor spokesperson Jeon Eun-su said no decision was reached on October 27.
- Rep. An Do-geol reportedly argued that the Digital Asset Basic Act should be enacted first, with taxation implemented together with it.