South Korea
Block Media
Democratic Party Asks Government to Hold Off on Digital Asset Tax Notice, Will Finalize Party Position Soon
- The Democratic Party requested the government postpone the administrative notice detailing digital asset tax criteria, originally planned for release by end of October.
- Digital asset taxation is scheduled to take effect in January 2027 (next year), pending the party's finalized stance.
- Rep. Cho Seung-rae, chair of the National Assembly Fiscal and Economic Planning Committee, held the meeting on October 30 with digital asset exchange CEOs and industry officials.